Levitt and Sons

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Kolter Group Enters Active Adult Market

Provider of finished lots plans to develop and build out its newest land acquisition itself. Read more

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Levitt and Sons' Land in Atlanta Expected to be Sold Soon

Kolter Land is the key bidder for active adult community. Read more

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Levitt and Sons Receives Loan Approval

Historic home builder Levitt and Sons gained some new life on Monday as Judge Raymond B. Ray of the U.S. Bankruptcy Court in Fort Lauderdale, Fla., gave interim approval for a $3.5 million loan from Wachovia Bank. Read more

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Levitt and Sons Receives Loan Approval

Historic home builder Levitt and Sons gained some new life on Monday as Judge Raymond B. Ray of the U.S. Bankruptcy Court in Fort Lauderdale, Fla., gave interim approval for a $3.5 million loan from Wachovia Bank. The funds will allow the builder to continue construction that was halted in November when Levitt and Sons filed for Chapter 11 bankruptcy. At that point in time, the Fort Lauderdale-based company listed assets of $411 million and liabilities of approximately $499 million. Read more

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Levitt and Sons Receives Loan Approval

Historic home builder Levitt and Sons gained some new life on Monday as Judge Raymond B. Ray of the U.S. Bankruptcy Court in Fort Lauderdale, Fla., gave interim approval for a $3.5 million loan from Wachovia Bank. The funds will allow the builder to continue construction that was halted in November when Levitt and Sons filed for Chapter 11 bankruptcy. At that point in time, the Fort Lauderdale-based company listed assets of $411 million and liabilities of approximately $499 million. Read more

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Bankruptcy Judge Allows Lenders to Take Back Properties

U.S. Bankruptcy Judge Raymond Ray has allowed KeyBank and Bank of America to take back their properties in what may be another sign that famed builder Levitt and Sons 78-year run is done. Read more

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Bankruptcy Has Domino Effect

Levitt and Sons' Chapter 11 bankruptcy protection filing has left a number of other companies in financial limbo. In the state of Florida alone, at least a dozen companies have filed liens against the builder. Cloud 9, an Orlando-based plumbing firm, is owed $26,267 from the historic builder. Read more

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Levitt and Sons Declares Bankruptcy

Company says it will seek to complete "some" unfinished homes as it begins "an orderly negotiation process with its creditors and facilitate an orderly wind-down or sale of the enterprise or its assets." Read more

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Levitt and Sons Files for Chapter 11

Citing "unprecedented conditions" in the homebuilding industry, particularly in Florida and the Southeast, Levitt and Sons announced Friday that the company and 37 of its subsidiaries filed for bankruptcy in Fort Lauderdale, Fla. The move comes after the builder halted all projects, pink-slipped nearly 90 percent of its staff, and failed to successfully negotiate with its bank lenders to restructure its debt. Read more

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All Eyes on Levitt

The industry expects an announcement on Friday, November 9 from the founding firm of the production building industry. The news may not be good. Read more

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