Citrus Grower Callery-Judge Grove

Investors might have an exit strategy.

Mike Vogel | 6/17/2011

LOXAHATCHEE — A few times in recent years, the 200 investors behind citrus grower Callery-Judge Grove, in business since 1962, have nearly realized an exit strategy from the 3,900-acre property. One plan called for putting 10,000 homes there, but local government opposed that. Smaller projects never got off the ground. Now, investors face a different exit —? a foreclosure suit filed by Prudential. General manager Nat Roberts says the mortgage is a long-standing agricultural loan that matured. Citrus disease, the real estate market and other issues have complicated refinancing. Roberts says he's confident the loan will be restructured successfully.

Tags: Southeast, Agriculture

A Florida health provider says better building design can help patients heal

FHSAA to potentially sanction esports in Florida schools

Florida home values have more than doubled in the past decade

Sunshine State manufacturing is a powerhouse, rivals tourism

For SUBSCRIBERS

READ THE April Issue » Access An Issue

FLORIDA TREND MAGAZINE

· LAST MONTH'S ISSUE · SUBSCRIBE NOW! · BUY A SINGLE ISSUE · GET DIGITAL ACCESS

Florida Business News

A Flamingo flock inspires hope. Have the rare birds returned to the Everglades for good?
For the last century, flamingos in Florida were more likely to be spotted on T-shirts and cups in a souvenir shop than flapping around in the wild. Suddenly, that might be changing.
Florida’s home insurance industry may be worse than anyone realizes
Nearly 20% of the companies doing business in Florida that were rated as financially stable went insolvent during the period 2009 to 2022.
Florida adds restrictions to dairy cows to prevent bird flu
As the federal government brings tougher regulations to cattle farms to prevent the spread of H5N1 avian influenza, commonly known as bird flu, Florida has imposed its own restrictions on cattle brought into the state.
Florida cities among cleanest areas for air quality in U.S.
Florida cities are pretty clean compared to many metropolises in other states, according to the newest American Lung Association “State of the Air” report.
Money to harden your home? Florida program is changing. Here’s how.
Good news for Florida homeowners: The popular state program that awards up to $10,000 to harden your home is being renewed this year, and it now includes condominiums.