Landmark Homes and Development, one of the largest homebuilders in northern Nevada, last week received a temporary stay on possible suspension of its license from the State Contractors Board.
Landmark's license was up for suspension from the board because of complaints of non-payment filed by three Reno-area subcontractors. Sierra General Contractors filed two complaints against Landmark for more than $70,000 and $138,000, while Fleet Heating and Air filed a claim for $135,000. Peninsula Flooring filed the most recent and largest claim for more than $343,000.
Attorneys for Landmark Homes told the state board it was negotiating financial settlements with all three creditors, and the company already had settled a similar claim filed by DLM Construction of Reno.
"We are concentrating our land holdings and backing off on building, and we have got a lot going for us in that area," company President Jim Bawden said in an interview after the meeting. "We are working hard to market our real estate holdings. There is always a light someplace."
The company has listed its 51,335-square-foot office building at 985 Damonte Ranch in Reno for sale for $11.8 million. The property is being sold by Tom Johnson of Sperry Van Ness in Carson City.
Bawden said last week that Landmark's license currently had not been renewed because he had not
prepared the financial statements required by his bonding company.
The board gave Bawden 60 days to finish preparing his company's financial statements and asked that he
return in 30 days to show progress. Bawden said much of the delay is in waiting for data from other entities that do business with Landmark.
Landmark is the developer of the upscale Belsera community off McCarran Boulevard in southwest Reno as well projects such as Capital Village and Mills Landing in Carson City and the Waterford in Dayton. NNBW staff
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