[1] In 2002, the National Association of Industrial and Office Parks (NAIOP) named Lowe Enterprises its Developer of the Year.
[4] Lowe debuted its 102-acre Terranea Resort at the site of the former MarineLand theme park in Rancho Palos Verdes on the Southern California Coast in 2009.
The failure of Corus Bank, the construction lender for the resort, left Terranea in challenging financial condition for its first year of operation.
Refinancing in 2010 put the resort on firm financial footing and it has become a popular destination for weddings and conferences along with vacationing guests.
In July 2010, The Guardian Life Insurance Company of America took a "substantial" but non-controlling interest in Lowe Enterprises Investors.
Lowe said it would seek to purchase or invest in distressed or undervalued properties in the hotel, industrial, office, and retail sectors.