Harbor Custom Development, Inc. (HCDI)

Harbor Custom Development Inc. (NASDAQ:HCDI) announced it has voluntarily filed for protection under Chapter 11 of the United States Bankruptcy Code in the Western District of Washington at Tacoma. In a statement, the company said it has filed several customary first-day motions with the Bankruptcy Court that will allow it to continue operating in the ordinary course of business while it prepares a Plan of Reorganization to ensure that it can maximize value for the benefit of its creditors.

Harbor Custom Development (NASDAQ: HCDI ) stock is taking a beating on Tuesday after the real estate development company filed for Chapter 11 bankruptcy protection. According to a press release from Harbor Custom Development, this bankruptcy filing was made voluntarily as the company seeks to either restructure its business or wind down operations.

TACOMA, Wash, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (collectively with certain of its wholly owned subsidiaries described below, “HCDI” or “the Company”), a real estate company involved in all aspects of the land development cycle, and certain of its wholly owned subsidiaries today announced that the Company has voluntarily filed for protection under Chapter 11 of the United States Bankruptcy Code in the Western District of Washington at Tacoma (collectively, the “Chapter 11 cases”) to pursue an orderly wind down or restructuring of its business. The Company has filed a number of customary first day motions with the Bankruptcy Court that will allow it to continue operating in the ordinary course of business while it prepares a Plan of Reorganization to ensure that it can maximize value for the benefit of its creditors. HCDI will continue to market and sell finished lots and homes and to operate multi-family projects as they work towards stabilization.

Penny stocks like Green Giant (GGE), Neximmune (NEXI), Altimmune (ALT), and Harbor Custom Development (HCDI) were among the best-performing companies in Wall Street on Friday. All of them jumped by more than 40% even as the Nasdaq 100 and S&P 500 indices pulled back.

TACOMA, Wash, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, today announced Wally Walker has accepted a position with the University of Virginia as the Deputy Athletics Director and will be relocating to Virginia. As a result, Mr. Walker will be stepping down from his role on the Company's Board of Directors effective immediately. Mr. Walker has been an independent director since October 2020.

Harbor Custom Development Inc. (NASDAQ:HCDI) has announced 17 new construction homes are available to purchase now and into the fall in the Austin and Horseshoe Bay metropolitan statistical areas (MSAs). The company noted that the spacious homes range from 3,040 to 4,836 square feet and feature four to five bedrooms, four to five bathrooms, and three-car garages.

TACOMA, Wash, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, announced 17 new construction homes are available to purchase now and into the fall in the Austin and Horseshoe Bay MSAs.

Harbor Custom Development Inc. (NASDAQ:HCDI) told investors it is now leasing its Meadowscape apartments in Olympia, Washington. The Tacoma, Washington-based real estate company noted that the complex broke ground in September 2021, and it anticipates the project to be complete in the fourth quarter of 2023.

TACOMA, Wash., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, announced it is now leasing its Meadowscape apartments in Olympia, Washington.

Harbor Custom Development Inc (HCDI) posted an almost 93% year-over-year jump in sales for the second quarter driven by the closing of the first and smallest of its multifamily projects, Mills Crossing in Bremerton, Washington for $14.3 million in addition to $1.9 million in lot sales in California and Texas. The real estate development company said its sales increased from $10.3 million in the year-ago quarter to $19.8 million.

TACOMA, Wash., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, today announced its financial results for the second quarter and six months ended June 30, 2023.

TACOMA, Wash, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced the date of the Company's second quarter 2023 earnings release and presentation.

Harbor Custom Development Inc, a real estate company involved in land development, has announced the internal promotion of four key members of its leadership team. The promotions include Yoshi Niino as chief accounting officer, Kyla Sawtell as vice president of operations, Mark Long as vice president of development and construction, and Jennifer Lang as vice president of marketing.

TACOMA, Wash, July 18, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, announced the internal promotion of four of The Company's leadership team, including Yoshi Niino, Kyla Sawtell, Mark Long, and Jennifer Lang.

Harbor Custom Development, a real estate company involved in land development, has appointed Jeff Habersetzer as its president and CEO on an interim basis following the retirement of CEO Sterling Griffin. The news was revealed by Griffin at the company's annual general meeting held on July 12.

TACOMA, Wash, July 13, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,”or the “Company”), a real estate company involved in all aspects of the land development cycle, announced Jeff Habersetzer as the Company's Interim Chief Executive Officer and Interim President at the annual meeting of shareholders held on Wednesday, July 12, 2023, effective immediately.