Antares saga continues

Word I have is that Antares files for bankruptcy this week. Another interesting tidbit is that the boys are on the line with some pretty hefty personal guaranties – large enough to take away those side-by-side Mooreland mansions from their wives. Well, it’s a good thing that they evicted all the old folks from Putnam Green before the condo project failed – plenty of empty apartments for Jimmy and Joe to find shelter in at a moderate price. That’s assuming the new landlord doesn’t require a credit check.

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One response to “Antares saga continues

  1. Way Up Valley

    Let this be a lesson to all you bold thinkers out there.

    http://www.nytimes.com/2006/10/15/realestate/15wczo.html

    Note that virtually every project mentioned in this piece (and several not mentioned in it) went tits up one way or the other in the last 18 months.