DFW Home Builders

Castle Hills is Still Building

2009-02-24T15:11:00.001-08:00

Bright Realty, which is developing Castle Hills in Lewisville is planning $5.2 million in improvements. (Full Story in Dallas Business Journal). The facility includes a golf course. Such development projects are rare in these tough economic times.

Dallas-area homebuilders suspend operations, leave buyers in the lurch

2009-02-24T08:01:00.000-08:00

By STEVE BROWN / The Dallas Morning News Full Story

The worst housing market in generations is taking a big toll on the local homebuilding industry.
More than two dozen builders have suspended operations in the Dallas-Fort Worth area, analysts estimate, leaving some homebuyers and new owners in the lurch.

James Sharp is working with lenders and his builder, Sotherby Homes, to get the Plano house he's buying finished.

"It's under construction and more than 80 percent complete," Sharp said. "We are trying to come up with some kind of resolution."

A bank foreclosed on the partially built house after Sotherby Homes suspended some of its operations. The foreclosure was on the builder, but Sharp has earnest money tied up in the deal.

Celina Custom Home Builder

Ashton Woods Completes Restructuring

2009-02-24T07:57:00.000-08:00

Monday, February 23, 2009, 5:06pm CST
Dallas Business Journals

Homebuilder Ashton Woods USA LLC, which has an office in Dallas, has completed a restructuring plan that will provide the company with an additional $95 million in borrowing capacity.

Atlanta-based Ashton Woods said defaults under its senior credit facility and its $125 million 9.5-percent “senior subordinated notes” due in 2015 were waived or completely cured. Remaining notes were exchanged for 11 percent senior subordinated notes due in 2015.
In addition, the company closed on a $20 million capital investment by Ashton’s existing equity holder and re-payed a bridge loan that had $1 million in aggregate principal outstanding.

Full Story - Dallas Biz Journals

DFW Custom Home Builders

Evacuees may have left pets behind in Dallas

2008-09-04T13:51:00.000-07:00

DALLAS - The majority of Gustav evacuees are scheduled to be out of Dallas by the end of the week.

But city officials hope these families will remember to take their pets with them.

Scattered among the cages at Reunion Arena, they are the smallest evacuees.

Some 32 dogs, a cat and a little turtle, named Cramps.

full story

New Home Builder in Richardson, Texas

2008-08-12T10:05:00.001-07:00

Portrait Homes at Wyndsor Court new home community in Richardson, Texas offers homes from 2044 to 3400 square feet priced from the $225s to the $320s. Amenities include:
Brick and stone exteriros
High pitched dormers
Curved windows
Arched entries
Art niches
Exterior wrought-iron accents
Carriage style garage doors
Buyer's incentives $45,000
Call us today at 866-697-7638

Richardson Home Builders