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Shapell Industries Closing Sales Despite Real Estate Downturn

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Shapell Industries Closing Sales Despite Real Estate Downturn - Developers - Real Estate - United States


BEVERLY HILLS, CA -- 06/17/09 -- Beverly Hills based Shapell Industries, Inc. -- parent company of S&S Construction and Shapell Homes -- has remained profitable despite the current, historic housing crash. In fact, while other developers have been forced to file Chapter 11 or have opted to simply stop building, Shapell not only has sticks in the ground, but also is consistently closing sales.



According to company CEO Matt Koart, the most compelling evidence that Shapell remains healthy despite an acutely ailing market are an ongoing wave of sales "campouts." Specifically, prior to several recent sales releases, prospective buyers have literally camped out overnight in front of Shapell sales offices or have lined up many cars deep before the break of dawn. 

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