Current news for this company:
Turner & Associates - Luxury Home Builder
Though too small to make our headline list, the implosion of Turner & Associates, a Marlboro, Washington-based home builder, is still notable in that it seems to have been spurred by the county blocking the builder from devoloping approximately 50 acres into a subdivision. Per a cached version of a Washington Business Journal article:
Ingrid Turner wasn't kidding. Turner & Associates filed for Chapter 11 bankruptcy protection sometime in late December.
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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.