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In the News
Scottsdale homebuilder to buy William Lyon Homes for $2.4 billion
Taylor Morrison Home Corp. is making a big buy to increase its market reach, agreeing to purchase William Lyon Homes for $2.4 billion.
Scottsdale-based Taylor Morrison (NYSE: TMHC) will become the fifth-largest homebuilder in the U.S. if the deal is consummated. It will also allow the company to enter into new markets in Washington, Oregon and Nevada.
Stone Creek Apartments sells for $33M
LaTerra Development Completes & Sells Stone Creek Apartments in San Diego for $33 Million/ Market-leading $340,000 per unit.
Lennar to Buy CalAtlantic
Lennar's $5.7 billion acquisition bid for No. 5-ranked CalAtlantic would create the largest home building enterprise by revenue ($17 billion in 2016 revenues, according to our Builder 100 data), and would signal an ongoing consolidation of clout among fewer, larger players in the late innings of the current housing recovery.
Forestar says D.R. Horton's offer could be superior to Starwood bid
Forestar Group Inc (FOR.N) said on Thursday that U.S. homebuilder D.R. Horton Inc's (DHI.N) offer to buy a majority stake in the real estate developer could be superior to its deal with Starwood Capital Group.
Forestar also said it was still subject to the agreement with Starwood, which in April agreed to buy the Texas-based company for $14.25 per share, or about $605 million.
Tim Kane to Step Down as MBK CEO after 14 Years
It's an expression that lays bare a very high IQ at work, while he locks a dead stare straight into the eyes of one sitting or standing across from him, that big brain turning and turning. Then, finally, after an almost painful pause in a conversation, Tim Kane reveals a gift nobody you'll ever meet can match. Without preamble, he tells a very, very bad joke, that's hilariously funny. Mostly because he's telling it.
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