Current news for this company:
Pacific Century Homes - California, Arizona, Texas home builder
Update to status, "Imploded" 2008-08-15:
We have learned that William "Bill" Lo, Chairman and CEO of Pacific Century Homes, has filed for Chapter 7 bankruptcy protection per a PACER filing on August 1, 2008.
Original Ailing write-up 2008-08-15:
Word has come to us about Pacific Century Homes and Pacific Summit Partners via tips and an article posted on statesman.com. Per the article:
Pacific Century's website (as well as what appears to be the website for Pacific Summit Partners) is currently down (See pacificcenturyhomes.com).
According to one tipster:
The Statesman article is dated mid-July. We've not yet seen any further data on Pacific Century or Summit. If you have any information with regard to the size of their operation or their current continuing business operations, please let us know!
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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.