Last year's market share was the highest in a decade for the Builder 100–ranked companies.
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The business, now owned by Drees Homes, once was one of the industry’s most adventurous builders.
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Marketplace Homes, which guarantees lease payments, is expanding its builder network.
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The Bensalem, Pa.-based company has new owners, new management, and less debt.
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Jeffrey P. Orleans, grandson of the company's founder, has agreed to resign from the company, which is being reorganized in bankruptcy.
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Creditors are set to vote on its reorganization plan.
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The builder, who had bid on Orleans' assets in bankruptcy court, lost out when Orleans decided to reorganize rather than auction its assets.
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Bankrupt builder plans to reorganize rather than sell all its assets.
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Garry Herdler's last day at the company, which is being sold, is April 23.
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'Stalking horse' bid sets the floor for an auction of Orleans assets.