Resort Developers


Suspended Projects

Cancelled Projects

Chapter 11

Home Builders


Suspended Projects

Cancelled Projects

Chapter 11



Suspended Projects

Cancelled Projects

Chapter 11

General News

Good News

Bad News

World News

RSS News Feed Latest Headlines

American Express Giftcards


Puma 120x90 animated

Vail Plaza

Vail Plaza

Brown Family Homes

Brown Family Homes



Village Homes

Village Homes

Kauai Lagoons

Kauai Lagoons

Safari Drive Scottsdale

Safari Drive

Elim Valley

Elim Valley

Four Seasons Residences Baltimore

Four Seasons Baltimore Residences

Home Builders

Lawsuits & Legal Issues

May 31, 2009 - Creating Real Estate Innovations (CREI) - Developers: Gagandeep Lakhmna, Harbir Singh, and Amardeep "Billy" Grewal, Philadelphia PA


Developer CREI leaving a legacy of failures

The legacy of its owners, Gagandeep Lakhmna, Harbir Singh, and Amardeep "Billy" Grewal, lives on in delinquent construction loans, foreclosures and sheriff's sales, hundreds of thousands of dollars in unpaid bills, and dozens of pending lawsuits, judgments, and Internal Revenue Service and mechanics' liens.

CREI 101 Walnut

May 29, 2009 - Lennar and Newhall Ranch project, Valencia CA


Lennar tries to reclaim role in huge SoCal project

Homebuilder Lennar Corp. is pitching a plan to resolve the bankruptcy of the 21,000-home Newhall Ranch project, which is on the last major tract of undeveloped land in Los Angeles County.

Newhall Ranch project

May 13, 2009 - DMB Associates and Cargill Saltworks Project, Redwood City CA



Arizona Developer DMB,

Setting the stage for a major environmental battle

DMB Redwood City Saltworks Site
Update - June 14, 2009

May 7, 2009 - Vantage Pointe Condominiums, San Diego CA


Vantage Pointe Developers Drop a Bombshell

300 buyers are getting their money back.

New Fannie Mae requirements force developers into amending their plans with the state Department of Real Estate.

Those amendments constitute a change to the project, a trigger for the contract to be voided.

Vantage Pointe

May 7, 2009 - Developer Kent Swig, New York NY


Kent Swig Taking Hits as High End Condo Market Falls Kent Swig - Developer
Update - June 9, 2009
Update June 29, 2009

May 1, 2009 - U2 guitarist - David Evans "The Edge", Malibu CA


U2 Guitarist Green Pitch Over "The Edge"?

David Evans Claims His Malibu Development Has Most Eco-Friendly Design, But Residents Disagree

U2 - The Edge

April 2, 2009 - KB Home, Los Angeles CA


Former California Homeowners Lash Out at Builder KB Home

California lawmakers introduced a bill that would prohibit building contractors from loaning money to home buyers for their properties, as KB did.

KB Home

March 16, 2009 - Engle Homes - Chinese Drywall Lawsuit, Fort Meyers FL


Builder facing class action lawsuit China Drywall

March 13, 2009 - River House Condominiums, Grand Rapids MI


River House condo developer sues buyers who allegedly failed to fulfill purchase contracts

Nearly two dozen would-be River House at Bridgewater Place condominium buyers are being sued by the downtown skyscraper's developer.

River House - Grand Rapids MI

March 6, 2009 - Bruce Karatz ex-CEO KB Home, Los Angeles CA


KB Home ex-CEO Bruce Karatz accused of stock option fraud

A federal grand jury indictment alleges that Karatz, who resigned under fire in 2006, orchestrated the backdating of options to his own benefit.

Update March 31, 2009

February 20, 2009 - Bellevue Towers - JP Morgan Chase Bank, Bellevue WA


$1.5M condo on $20K income? Prospective buyers lose $175K in Bellevue Towers

Law Suit: Bank, developer defrauded immigrants

Bellevue Towers

January 23, 2009 - Las Vegas Cay Club, Sarasota FL


Las Vegas Lawsuit has Local Ripples

Prominent Sarasota attorney David S. Band, local philanthropist Stanley Kane and two dozen others have been accused of fraud, money laundering and breaking federal securities laws in conjunction with a Las Vegas real estate project.

Las Vegas

January 23, 2009 - Developer Ken Swig - Lehman Brothers Holdings, New York NY


Lehman Sues Developer for $368 Million Over Towers

Lehman Brothers Holdings Inc., the bankrupt U.S. securities firm, filed two lawsuits seeking more than $368 million from New York developer Kent Swig, claiming he failed to make loan payments on two former Wall Street office towers.

25 Broad Street

January 19, 2009 - Lennar Homes - Barry Minkow


Why is Barry Minkow aiming so low?

Lennar files suit against Minkow and his self-styled investigative outfit, Fraud Discovery Institute, alleging libel.

Barry Minkow

January 18, 2009 - Santa Margarita Ranch Project, San Luis Obispo CA


Home on the ranch?

Developers face opposition to Santa Margarita project

Santa Mar

January 12, 2009 - Fulton Homes, Phoenix AZ


Builders cut quality, spark home-value fears

Builders across the Valley are introducing pared-down versions of their models to boost their chances of selling houses in a challenging market, but existing homeowners fear those downgraded models may negatively affect their property values.

Freeman Farms - Fulton Homes

January 11, 2009 - Saguaro Ranch, Marana AZ


Saguaro Ranch Luxury-home project is now a tunnel to nowhere

Tunnel Test Saguaro Ranch
Tunnel Test for Emergency Fire Trucks

December 24, 2008 - Isaac R. Toussie and President George Bush, Washington D.C.


President Bush changed his mind on Christmas Eve, pulling back a pardon he had extended a day earlier to a Brooklyn developer at the center of a Long Island real estate fraud case and adding a bizarre twist to the episode. Isaac R.

Full Story

With Update 12/27/2008

Photo of George Bush with

Isaac's Father - Robert


December 24, 2008 - Apthorp Building, New York NY


Housing Slump, Internal Strife Bedevil Property Renovation - Gem Magnate Leviev and Mann Realty Spar Over New York Condo Conversion Apthorp Building
Updated January 13, 2009

December 17, 2008 - Desert Ridge Development, Phoenix AZ
A series of defaults on land purchases in the area leaves about 1,000 acres that was set aside for residential use to be returned to the Arizona State Land Department after developers failed to make payments. CityNorth Phoenix

December 14, 20008 - Westview Estates by K. Hovnanian Homes, Lancaster CA
Upset over water shortages and unfinished development, residents of the community are suing the developer for fraud, negligence and breach of contract. Westview Estates

December 7, 2008 - H. R. Crawford, Washington D.C.


Building on Broken Promises

D.C. Developer's Projects Marred by Unchecked Spending and Dubious Deals

Washington Post Investigation Story

H.R. Crawford

December 3, 2008 - Wind by NEO Condominium Project, Miami FL
The developer of Wind by Neo, a 42-story, 498 unit condo along the Miami River is facing a foreclosure lawsuit from Wachovia Bank. Wind by NEO

December 2, 2008 - Pasquinelli Homebuilding's Cedar Creek subdivision, Joliet IL


First Midwest Bank is foreclosing on Pasquinelli Homebuilding's Cedar Creek subdivision. The family-owned company has built more than 45,000 homes in 13 different metropolitan areas. Pasquinelli Homes
Update January 6, 2009

November 28, 2008 - Sheldon Terrace LLC, Sacramento CA


Developer disputes default allegations, files suit claiming fraud

Sotiris Kolokotronis says bank posted personal information online

L Street Lofts

November 26, 2008 - GardenWood Development, Blaine MN

Hard times put the skids on another housing deal

The upscale GardenWood development in Blaine is headed for foreclosure, and developer Sienna has its hands full in court.


November 24, 2008 - Santa Barbara Ranch Project, Naples CA
Environmental Groups Sue Naples Coast Developer - 71 estate-sized homes planned for coastal bluffs outside of Santa Barbara Naples CA

November 17, 2008 - Wachovia Bank, Nashville TN

Wachovia's mounting troubles caused by bad loans and the housing market's collapse have reached Nashville's condominium development community.

Several developers in court with Wachovia Bank

5th & Main

September 20, 2008 - Washington State


Attorney General Rob McKenna filed a lawsuit Friday alleging campaign-finance violations by the Building Industry Association of Washington and a builder group in King and Snohomish counties.

Rob McKeena




Back To The Top