| Property brokerage E-House targets US$200 mln from NY IPO
Mar. 12, 2007 (China Knowledge) – E-House (China) Investment Holdings plans to raise US$200 million with an IPO on the New York Stock Exchange in as early as July. Credit Suisse and Merrill Lynch have been appointed to arrange for the offering. The Shanghai-based E-house plans to file documents with the US Securities and Exchange Commission to start the listing process later this month, sources ..... .
Good Entrepreneurs Can Be Bad Investors
Starting a business and making it grow takes passion, confidence, and a willingness to bet the ranch on a single great idea--everything, in other words, that can also make one a lousy investor. Exhibit A is the man who calls himself the Pond Guy. "I have zero interest in investing," says Greg Wittstock, who started a backyard-pond installation and supply business as a student at Ohio State back in 1991. Fifteen years later he's doing $60 million in annual sales with his Aquascape Designs, now based west of Chicago. "My passion in life is my business," he says. "I have a hard time getting passionate over other people's companies." Once, though, he did. In early 2000 Wittstock got himself a nice home theater system and, like many of us, fell in love with his TiVo (NASDAQ:TIVO).
Dispute over LANCO’s Coyote Ridge heads to court
The dispute centers around the proposed Coyote Ridge development at Highland Golf Course and three other surrounding properties in the area. Lanco's plans call for construction of 250 homes and a community center that would include a pool, spa, fitness center and dining options, according to the company's Web site.The property in question for the development includes the Highland Golf Course, the Cooney Mansion, 32 acres of undeveloped forest land that was owned by Green Crow as of last spring and 117 acres of undeveloped forest land owned by Weyerhaeuser as of last spring, according to a letter of intent regarding the project.Lanco and KND Investments LLC of California had been working on a deal to finance the development since May of 2006, according to the federal court filings from California.KND began the court battle in December, alleging that Lanco and several of its officers have not followed through with agreements.
Complaints against builder in Osceola, Polk pile up
The state Attorney General's Office is reviewing the actions of a Florida developer based on new complaints that the company took hundreds of thousands of dollars in deposits but has not built the homes.
Sandi Copes, a spokeswoman with the Attorney General's Office, said the new complaints followed an Orlando Sentinel article on the developer, British American Homes LLC, that ran last month. The office had received six complaints in about 16 months prior to that and forwarded the matter to another state agency, the Department of Business & Professional Regulation.
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