A warm late summer evening found Concord Councilman Edi Birsan introducing Kofi Bonner to the Holbrook Heights neighborhood watch group as the President of Lennar-Urban’s West Coast operations. He was quickly corrected by Bonner who told the small audience that after more than a decade of being at the helm of Lennar in the Bay Area, he was now switching job titles to hold a similar position at Five Point Holdings Inc.
Credit rating firm Dun & Bradstreet not bullish on Lennar's long term prospects these days
The credit rating firm of Dun & Bradstreet is not bullish on Lennar’s long term prospects these days.
It is this Lennar-controlled entity which is their shell company for handling the operations of military base conversion to civilian …show more content…
This would, leave little if any of the proceeds for capitalizing Lennar’s California base conversion projects including Concord should they join the Five Point team.
This brings us to Five Point and their ability to borrow money to finance their endeavors. Recently, they tried to float a stock offering for their military base conversion projects in California. This IPO of Five Point Holdings Inc. did not include the CNWS. At this time Lennar has not secured the final rights to development of the project. The CNWS is projected to be a big money maker given the shortage of affordable housing in the Bay Area
In May of 2016, Lennar and Five Point abruptly cancelled the Five Point IPO process citing a “choppy market”. This explanation was not exactly true. Confidential sources close to the SEC tell a different story. If the truth be known, complaints were filed with the agency about the truthfulness and reliability of data supplied to the SEC by Five Point.
If environmentalist's have their way, The unspoiled Santa Clara River will stay that way
If environmentalist’s have their way, The unspoiled Santa Clara River will stay that way which would halt construction of Lennar’s Newhall Ranch development
Credit rating firm Dun & Bradstreet not bullish on Lennar's long term prospects these days
The credit rating firm of Dun & Bradstreet is not bullish on Lennar’s long term prospects these days.
It is this Lennar-controlled entity which is their shell company for handling the operations of military base conversion to civilian …show more content…
This would, leave little if any of the proceeds for capitalizing Lennar’s California base conversion projects including Concord should they join the Five Point team.
This brings us to Five Point and their ability to borrow money to finance their endeavors. Recently, they tried to float a stock offering for their military base conversion projects in California. This IPO of Five Point Holdings Inc. did not include the CNWS. At this time Lennar has not secured the final rights to development of the project. The CNWS is projected to be a big money maker given the shortage of affordable housing in the Bay Area
In May of 2016, Lennar and Five Point abruptly cancelled the Five Point IPO process citing a “choppy market”. This explanation was not exactly true. Confidential sources close to the SEC tell a different story. If the truth be known, complaints were filed with the agency about the truthfulness and reliability of data supplied to the SEC by Five Point.
If environmentalist's have their way, The unspoiled Santa Clara River will stay that way
If environmentalist’s have their way, The unspoiled Santa Clara River will stay that way which would halt construction of Lennar’s Newhall Ranch development