Crescent Resources Company Description
Commercial property developments? That's the way Crescent rolls. Crescent Resources manages land holdings, mostly in the Southeast and Southwest US, and uses them to develop commercial and residential real estate. Its holdings include office buildings, industrial projects, and retail developments. Residential properties such as single-family home communities, condominiums, and apartments are developed by its Crescent Communities arm. It also invests in tracts of land to sell off in pieces. Commercial clients have included General Electric, BellSouth, Lanier Worldwide, and CIGNA. Faced with rising debt levels, the company filed for Chapter 11 bankruptcy protection in 2009.
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The Company Description provides a historical perspective of Crescent Resources's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Crescent Resources's evolution in the marketplace.
