Current news for this company:
LandSource Communities Development - Real Estate Partnership
LandSource Communities Development has filed for Chapter 11 bankruptcy protection. LandSource was partilly owned by national public home builder Lennar Corp. Per the Sacremento Business Journal:
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
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.