This is breaking news on the Promontory front….see the press release below:
PROMONTORY EMERGES FROM BANKRUPTCY -
SUCCESSFUL BIDDER IS AFFILIATE OF ORIGINAL DEVELOPER
PARK CITY, Utah (April 17, 2009) – The U.S. Bankruptcy Court, District of Utah, today confirmed Pivotal 7000, LLC, an affiliate of Promontory’s original developer, Pivotal Group, as the winner of the recent [...]
Continue reading about Promontory is out of bankruptcy, and Pivital gets the project back!
New West’s update last night was true….see the latest press release from Promontory:
CREDIT SUISSE ELECTS AUCTION PROCESS FOR PROMONTORY
~ Approved U.S. Bankruptcy Court reorganization plan anticipated this option ~
PARK CITY, UTAH, Mar. 20, 2009 – The Promontory chapter 11 case moved another step closer to completion yesterday, as Credit Suisse, the Agent for Promontory’s first lien holders, elected not [...]
Continue reading about Breaking news on the Promontory front….
Before we get into the Promontory update…..here is a little info about what has been going on lately…It snowed like crazy earlier this week, which made for a few epic ski days! Now things are warming up, and we are getting ready for a weekend of bluebird spring skiing!
In the market over the past 10 [...]
Continue reading about Promontory Reorganization Plan Confirmed by Bankruptcy Court
Here is a quick run down of what has been going on at Red Ledges:
Closings- 1 cottage closed yesterday
Pendings-3 cottages under contract in January (the one that closed and 2 others)
1 homesite ($640k) under contract
Upcoming events:
-Cottage Model grand opening March 7th for clients
-Realtor open house/cottage model preview March 4th from 2 until 5pm
Stay tuned [...]
