Business Briefs

Anderson Homes to liquidate assets

Posted June 25, 2010 4:38 p.m. EDT

— A local builder will not survive the recession.

Anderson Homes, which initially filed for Chapter 11 bankruptcy in March 2009, is now selling all of its assets after changing the bankruptcy to a Chapter 7 liquidation.

The Cary-based company is among the region's largest privately held home builders and was known for its energy-efficient designs. Its developments include Bridgewater in Holly Springs, Sterling Ridge in Fuquay-Varina and Cobblestone Pointe in Clayton.

Two years ago, Anderson Homes was named one of the state's top 100 small businesses.