Where Real Estate Gets Its Dirt

Dominion Enterprises can't close the deal

The Virginian Pilot is reporting today that “Landmark suspends sale of most assets, not Virginian-PilotLandmark Communications is the parent of Dominion Enterprises.

Dominion Enterprises owns some of the top brands in real estate technology; Homes.com, eNeighborhooods, Advanced Access, Number1Expert and Harmon Homes Magazine (now Homes.com Magazine)

This has got to be a HUGE BUMMER for Dominion Enterprises. They spent all year working on selling these assets. Maybe they took too long. Might be that minding all those “Ps and Qs” cost them some “$”.

The real question now is; What’s next?

Simply put the owners of Dominion Enterprises wanted out. They wanted the cash. They didn’t want to run a big company anymore. They wanted to relax. Rest on their laurels. Live the good life!

And who could blame them? Who would want to run a complex company like Dominion Enterprises, especially now??

I’m hoping that the leadership at Dominion Enterprises can rally and shift gears. There are a lot of Dominion employees, and their families, counting on them to do so..

  1. It’s bitter sweet news for those of us who were unceremonously dumped after years of loyalty to help clean up the bottom line (at the advice of Lehman Brothers) so they could look more attractive to the prospective suitors. . . .

  2. and now they are deciding to downsize/consolidate and more are out of work – so very sad for the loyal employees who will now be on the unemployment line. Lean and Mean isn’t always best.

  3. Dominion seems to have lost its way in the process. Not too good for those left, either. Micro managment is rampant. The vision is gone.

  4. Pingback: Dominion Enterprises acquires Prune Juice company. « Vendor Alley

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