MAJOR CHANGE FOR FLORIDA DEVELOPER

February 6th, 2012 by admin

There are some surprising pieces of information coming out of a major development corporation in Florida who has suggested that it will scale back its current efforts in real estate and will attempt to sell much of the underdeveloped parcels of land that it bought along the 30a real estate corridor for very low prices. Unfortunately the company will likely have to take a significant charge against its fortunes regarding its report in the fourth quarter of the year and although the company currently has almost eight hundred million worth of assets, the charge will probably be somewhere north of three hundred million dollars.

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