centex: Final Sales Event Postponed - Centex, Beach Villas at Ko Olina, Oahu, Hawaii Condo - 05/26/09 08:51 PM
Just received word that the June 6th & 7th sales event has been postponed until July 25th. Updated: now postponed until September, 2009. I don't have any additional information at this time as to the why's or what for's. Stay Tuned...
Thought I would let everyone know in case you had already booked your plane tickets and hotel reservations as the date is fast approaching. We are currently at the property and I will be here for the next three weeks if anyone has any questions and/or would like to get together.
We spent Memorial Day BBQing out by the Beach … (2 comments)

centex: Pulte Homes agrees to buy Centex in $1.3B deal - 04/08/09 05:17 AM
Pulte Homes agrees to buy Centex in $1.3B deal. Just announced this morning. I received a heads up from a fellow Beach Villa's homeowner who reads my blog. Thanks!
The deal is supposed to close in the third quarter of 2009. Interesting, as the big sales event to sell the rest of the Beach Villas at Ko Olina happens on June 6th & 7th, right on the cusp between second and third quarters. It will be interesting to see how this play's out for current and future homeowners.
As you may or may not know, as homeowners all we own is … (7 comments)

centex: Why is Centex Holding a "Fire Sale" on the Remaining Villas at the Beach Villas at Ko Olina, Oahu, Hawaii? - 02/19/09 01:56 AM
Well the obvious answer is that the economy is down, no one is spending money and that unfortunately for Centex their build/sell cycle was about one - two years too late. A fellow homeowner friend who works in the financial markets came up with a techincal answer which was really interesting so I thought I would share: 24 jan:  Centex 3rd quarter orders down 80%. Probably caused a breach of their covenant on their credit facility stipulating a minimum tangible net worth.  Net worth fell to 2,037m down from 4,259.87 a year earlier.  29th Jan:  reduces credit facility from $1.35b to … (1 comments)

 
Alfred Harding (Beach Villa Resort)

Alfred Harding

Kapolei, HI

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Beach Villa Resort

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