There isn’t really anything new in the article (although it is interesting and well written) for those who have a decent understanding of Berkowitz’s past (the bookie thing is cool). One other thing, Chelsea, MA isn’t on “the other side of the tracks”... it is officially a “shit hole”. That he made it out is all the more impressive. St. Joe is the largest private landowner in Northwest Florida, with 576,000 acres of land, including more than 300,000 acres surrounding the new Northwest Florida Beaches International Airport, which was 20 years in the making. With a new board and new management, the plan now is to stop the losses, cut expenses and find new revenue opportunities, Fernandez said. “St. Joe, at its core, is an asset management company,’’ Berkowitz said. “Successful asset management companies are very profitable. There’s no reason St. [Read the full article]

A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:Amrep Corp. : Approximately 100 shares changed hands, a 96.9 decrease from its 65-day average volume. The shares remained unchanged at $9.80.Blackrock Florida Municipal Bond Trust : Approximately 100 shares changed hands, a 98.4 decrease from its 65-day average volume. The shares rose $.04 or .3 percent to $13.19.Cash Store Financial Service Inc. : Approximately 1,000 shares changed hands, a 94.9 decrease from its 65-day average volume. The shares fell $.14 or 1.0 percent to $14.36.Delaware Investments Global Dividend & Income Fund : Approximately 900 shares changed hands, a 91.1 decrease from its 65-day average volume. The shares remained unchanged at $7.30.Eastern American Natural Gas Trust : Approximately 1,800 shares changed hands, a 85.8 decrease from its 65-day average volume. The shares remained unchanged at $23.33.Ibero-America Fund Inc. [Read the full article]

The hotel at the W Austin Hotel & Residences project opened in December 2010, delivery of the first condominium residences began in January 2011 and the music venue, Austin City Limits Live, opened in February 2011. At December 31, 2010, Stratus had $11.7 million of cash and cash equivalents and $17.3 million of availability under its credit facility. [Read the full article]

Bluegreen Corporation (NYSE:BXG - News), a leading provider of Colorful Places to Live and Play(R), today announced financial results for the three months and year ended December 31, 2010.John M. Maloney Jr., President and Chief Executive Officer of Bluegreen, commented, We were pleased with Bluegreen(TM)s progress in 2010. During 2010, we continued to focus on the development of our fee-based services business. This is reflected by, among other things, a 19% increase in VOI system-wide sales driven by incremental sales on behalf of our fee-based clients and a 56% increase in total fee-based services revenues. We began earning commissions in our sales and marketing fee-based services in July 2009 and as of December 31, 2010, we had entered into six contracts to provide fee-based services, up from four as of December 31, 2009. [Read the full article]