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Colony plagued by vandalism, break-ins; $100K in sculptures stolen from Klauber

Colony plagued by vandalism, break-ins; $100K in sculptures stolen from Klauber

Further investigation reveals that more than 30 Colony units have been entered illegally in recent weeks and several have been severely vandalized.

July 28, 2014 | Posted in Major Headlines, Top Box | Read More »

The Colony chess game coming to a painful close

The Colony chess game coming to a painful close

The world is tired of watching the game. The rooks and the horses are closing in inexorably on the Association’s last few pieces. The Association is studying esoteric moves through their attorneys wherein a few Russian masters escaped when in the same position. But they are growing tired.

July 22, 2014 | Posted in Opinion, Stephen Reid | Read More »

BREAKING NEWS: Unicorp buys Colony assets at auction

BREAKING NEWS: Unicorp buys Colony assets at auction

Colony Lender in agreement with Unicorp placed the high bid of $15,200,100 and bought several pieces of collateral including the common property, tennis courts, restaurant, spa, swimming pool and other assets critical to the consolidation and eventual redevelopment of the resort which has been closed since August 2010.

July 14, 2014 | Posted in Major Headlines, Top Box | Read More »

Managing Longboat’s future

Managing Longboat’s future

When will the town re-zone the Colony property?
Will residents at Islandside really be subjected to 100 dump trucks of sand each day?
Will the town finally develop the Bayfront Park site into an expanded facility?
If the town decides to bury power lines, what opportunities open up on GMD?

July 14, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony Judge reversed again

Colony Judge reversed again

Judge May has been reversed five out of five times on appeal.

July 6, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony fiasco, Bayfront Park plan, burying power lines and all of LBK demands strong leadership

Colony fiasco, Bayfront Park plan, burying power lines and all of LBK demands strong leadership

Our memory of the former Colony haunts us. We want someone with vision to step in. But instead it looks like Rotterdam after Hitler’s Waffen planes carpeted the streets with bombs. And instead of the Klauber family selling units to friends, we see attorneys like so many wolves tearing at the carcass of a resort.

July 6, 2014 | Posted in Opinion, Stephen Reid | Read More »

Ocean Properties talks Colony

Ocean Properties talks Colony

‘We would get involved if we thought we could help bring a solution to the stalemate.’

June 29, 2014 | Posted in Major Headlines, Top Box | Read More »

Why did Colony unit owners fail to bid? Jay Yablon explains…

Why did Colony unit owners fail to bid? Jay Yablon explains…

‘One thing I learned about developers in the past three years is a whole bunch of these guys run around saying they have money…’

June 29, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony sale on-hold by appeal, Ocean Properties makes proposal

Colony sale on-hold by appeal, Ocean Properties makes proposal

‘Colony Lender risks immediate and irreparable loss, measurable in millions of dollars if the assets at issue are sold at an auction at which Colony Lender is forbidden to exercise the statutory right to a credit bid.’

June 24, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony assets set for sale this week

Colony assets set for sale this week

The assets to be auctioned include a $23 million judgment against Colony unit owners and two groups are expected to vie for that asset and the estate.

June 16, 2014 | Posted in Major Headlines, Top Box | Read More »