hyen10_IHB
New member
Anyone have experience with either John Laing homes or Standard Pacific?
OCCOBRA said:Laing Luxury is gone. And it is in chapter 11 bk. They have shut down all thier divisions. When Dubai bought them 3 or 4 years ago they paid 1 Billion for the company. Then the market tanked and the Dubai construction firm pumed anothr $600k more before pulling the plug. They are having a hard time getting BK financing and the Dubai construction firm that owns them is in dire straits of thier own. My guess is they are just going to sell WL Homes in pieces and dump it for cheap.