Current news for this company:
Sixells LLC - Condo developer
The Sacremento Business Journal reports that condo developer Sixells LLC will be "shutting down". The closure comes amidst a Sixells employee pleading "no-contest" to forgery. Regarding the shape of Sixells business prior to closure, the article states:
If you hear further details that may be helpful to readers, 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.