St. Joe

St. Joe, Former Execs Settle With SEC Over Alleged Real Estate Overvaluing
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St. Joe, Former Execs Settle With SEC Over Alleged Real Estate Overvaluing

HousingWire's Ben Lane reports on the settlement between one of Florida's largest... Read more

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Minto Marches Through Florida

The Canadian-owned builder adds another sizable chunk to its land portfolio. Read more

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Dissident Shareholder Ousts St. Joe CEO, Board Members

The St. Joe Company (NYSE:JOE) on Monday announced that CEO and president Britt Greene had agreed to resign along with three members of the company's board in an agreement with its largest shareholder, Fairholme Funds Inc. Miami-based Fairholme, which owns approximately 30% of the company, had been agitating for changes in management and direction for several months. Read more

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Tar Balls Appear on St. Joe Co.'s Florida Beaches

Developer launches cleanup for effects of Gulf oil spill on its Panhandle property and prepares to send the bill to BP. Read more

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Oil Spill Takes Toll on St. Joe

Tar balls from the Deepwater Horizon oil leak began to appear in the pristine sugar sand of St. Joe Co.'s Florida Panhandle beaches just this week. But the impact of the continuing massive Gulf oil spill began hitting the company's stock weeks ago. St. Joe's stock price has fallen nearly 40% since the April 20 accident, down from a recent April 29 high of $37.13 per share to $22.98 Thursday afternoon--despite major company efforts to mitigate negative publicity and perceptions. Read more

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Avatar, St. Joe Complete Year-End Land Deals

The end of 2009 sent some builders and developers pushing through land deals before the end of the aught to collect tax refunds that, in some cases, will be larger than the cash collected from the sale itself. Two companies in Florida completed several such deals. Read more

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Spence Joins St. Joe Company

Tom Spence, former vp of land development for Taylor Woodrow Communities, has joined The St. Joe Company as vp and general manager of Northeast Florida. Operating from the newly constructed on-site RiverTown Welcome Center, Spence will manage the development of the RiverTown community as well as the proposed East San Marco project. Read more

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Public Builder Roundup: Centex, D.R. Horton, St. Joe, and Brookfield

Profit margins keep sliding as builders continue to confront a stalled housing market. Read more

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St. Joe Loss is $11.7 Million

The St. Joe Company (NYSE:JOE) Tuesday announced a net loss for the first quarter of 2009 of $11.7 million, -$0.13 per share, including non-cash charges of $1.5 million, or $0.01 per share after tax. For the comparable quarter last year, the company reported net income of $32.1 million, $0.40 per share, including non-cash charges of $2.8 million, $0.02 per share, after tax. "Although Northwest Florida's real estate markets remain challenging, our residential communities have seen a relatively modest improvement in traffic and sales activity since the end of last year," said Britt Greene, St, Joe's President and CEO. "However, it is too early to predict a bottom or a trend. Read more

St. Joe Tests Online Land Sales
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St. Joe Tests Online Land Sales

Giant developer offers three rural parcels in Florida's Panhandle region via... Read more

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