Home Builders
Lawsuits & Legal Issues
May 31, 2009 - Creating Real Estate Innovations (CREI) - Developers: Gagandeep Lakhmna, Harbir Singh, and Amardeep "Billy" Grewal, Philadelphia PA
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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. |
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May 29, 2009 - Lennar and Newhall Ranch project, Valencia CA
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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. |
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May 13, 2009 - DMB Associates and Cargill Saltworks Project, Redwood City CA
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Arizona Developer DMB, Setting the stage for a major environmental battle |
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Update - June 14, 2009 |
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May 7, 2009 - Vantage Pointe Condominiums, San Diego CA
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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. |
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May 7, 2009 - Developer Kent Swig, New York NY
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| Kent Swig Taking Hits as High End Condo Market Falls |  |
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Update - June 9, 2009
Update June 29, 2009 |
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May 1, 2009 - U2 guitarist - David Evans "The Edge", Malibu CA
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U2 Guitarist Green Pitch Over "The Edge"? David Evans Claims His Malibu Development Has Most Eco-Friendly Design, But Residents Disagree |
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April 2, 2009 - KB Home, Los Angeles CA
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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. |
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March 16, 2009 - Engle Homes - Chinese Drywall Lawsuit, Fort Meyers FL
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| Builder facing class action lawsuit |  |
March 13, 2009 - River House Condominiums, Grand Rapids MI
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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. |
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March 6, 2009 - Bruce Karatz ex-CEO KB Home, Los Angeles CA
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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. |
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Update March 31, 2009 |
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February 20, 2009 - Bellevue Towers - JP Morgan Chase Bank, Bellevue WA
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$1.5M condo on $20K income? Prospective buyers lose $175K in Bellevue Towers Law Suit: Bank, developer defrauded immigrants |
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January 23, 2009 - Las Vegas Cay Club, Sarasota FL
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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. |
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January 23, 2009 - Developer Ken Swig - Lehman Brothers Holdings, New York NY
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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. |
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January 19, 2009 - Lennar Homes - Barry Minkow
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Why is Barry Minkow aiming so low? Lennar files suit against Minkow and his self-styled investigative outfit, Fraud Discovery Institute, alleging libel. |
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January 18, 2009 - Santa Margarita Ranch Project, San Luis Obispo CA
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Home on the ranch? Developers face opposition to Santa Margarita project |
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January 12, 2009 - Fulton Homes, Phoenix AZ
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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. |
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January 11, 2009 - Saguaro Ranch, Marana AZ
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Saguaro Ranch Luxury-home project is now a tunnel to nowhere |
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| Tunnel Test for Emergency Fire Trucks | |
December 24, 2008 - Isaac R. Toussie and President George Bush, Washington D.C.
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| 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. |  |
December 24, 2008 - Apthorp Building, New York NY
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| Housing Slump, Internal Strife Bedevil Property Renovation - Gem Magnate Leviev and Mann Realty Spar Over New York Condo Conversion |  |
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Updated January 13, 2009 |
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| 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. |  |
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| 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. |  |
December 7, 2008 - H. R. Crawford, Washington D.C.
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Building on Broken Promises D.C. Developer's Projects Marred by Unchecked Spending and Dubious Deals Washington Post Investigation Story |
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| 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. |  |
December 2, 2008 - Pasquinelli Homebuilding's Cedar Creek subdivision, Joliet IL
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| 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. |  |
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Update January 6, 2009 |
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November 28, 2008 - Sheldon Terrace LLC, Sacramento CA
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Developer disputes default allegations, files suit claiming fraud Sotiris Kolokotronis says bank posted personal information online |
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| 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. |
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| 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 |  |
| 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 |
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September 20, 2008 - Washington State
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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. |
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