Lynn Norusis

Lynn Norusis's Posts

• Texas Lawmakers Grapple with Regulation

  by Lynn Norusis

  Texas home builders have seen a slew of legislation proposed during the Legislature's 81st session that will ultimately determine how consumer builder-homeowner arbitration will look in the future.

• SEC Okays Brookfield Rights Offering

  by Lynn Norusis

  Brookfield Homes Corp. (NASDAQ: BHS) was granted the go-ahead by the Securities and Exchange Commission for a stockholder rights offering package of up to 10 million shares of 8% convertible preferred stock through 5 p.m. April 27.

• Barclay, Longtime Centex Exec, Departs

  by Lynn Norusis

  President for the West Operating Region leaves the company but will remain involved with the builder through a consulting and independent contractor agreement through April 1, 2010.

• Rhodes Homes in Las Vegas Files for Chapter 11

  by Lynn Norusis

  Company, which has built 7,000 homes in Nevada since 1985, plans to continue operations while it restructures under bankruptcy protection.

• Brookfield Files Share Offering

  by Lynn Norusis

  Brookfield Homes [NASDAQ: BHS] stockholders on March 24 voted on and filed with the secretary of state of Delaware, where the company is incorporated, to increase total company common stock shares from 65 million to 200 million for $0.01 par value per share.