The Real Deal Miami

Tarragon files for Chapter 11

January 12, 2009 04:32PM

Developer Tarragon Corp. and some of its subsidiaries have filed for bankruptcy as a result of dropping home prices and slowing sales, the company said today. New York City-based Tarragon, which develops multi-family housing for sale and rent in Florida and several other states, said it plans to seek new financing and reorganize the company. The filing was made in bankruptcy court in New Jersey.