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Buena Vista Custom Homes - Oregon custom home builder

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2009-07-31

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stories: bizjournals.com

The Portland Business Journal has reported that Oregon-based custom home builder Buena Vista Custom Homes (website: www.buenavistahomes.com — offline) has been "dissolved" by the office of the Oregon Secretary of State. Per the article:

The Lake Oswego homebuilder fell victim to plummeting demand for new homes, which in turn spawned a series of lawsuits and foreclosures, including a $10.7 million judgment in Happy Valley against Buena Vista and its owner, Roger M. Pollock.

According to the buildersonline.com Top 200 list from 2007, Buena Vista closed on over 200 homes in 2007. If you have anything to add to this posting, please comment below or email us!

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Important: This company is on our list of builder operations that have "imploded" (see also ailing lenders). This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid declines in enterprise value; or abnormal "bail-out" by corporate parents or peers in order to continue to operate. The builders may be residential or commercial.