U.S. Census-at-a-Glance Widget

Saturday, February 10, 2007

12/29/2006

From Friday's LABJ email news flash:

KB Drops New Orleans Project
By ALLEN P. ROBERTS Jr. - 12/29/2006
Los Angeles Business Journal Staff
"Amid a slumping national housing market, KB Home is dropping its plans to build about 12,000 homes on 3,000 acres of farmland west of New Orleans.
The Los Angeles-based homebuilder decided to forego the project in an area called Waggaman by letting the expiration date on its option to purchase the land run out 30 days ago, according to news reports.
However, KB’s partner in the project, Baton Rouge-based Shaw Group Inc., may acquire a smaller parcel of land from the owner.
KB Home was one of the first major homebuilders to move into the New Orleans market after Hurricane Katrina. The company initially planned to build condominiums, town homes, single-family homes and retail stores on the property.
The company maintained it still has an interest in the area where it has purchased other property, but it has given no timetable or details about any development. ....."
for entire article and other useful news see: www.labusinessjournal.com

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