After Lennar’s $6.5 billion CalAtlantic coup, what next?
By John McManus | Builder Now comes the interesting part. Lennar CEO Stuart Miller and president Rick Beckwit broached the idea of a strategic combination with CalAtlantic’s biggest shareholder MatlinPatter Global Advisors ceo David Matlin in New York on the first day of summer last year. It would be past the first day of Fall in […]
Read More →It’s official: CalAtlantic becomes part of Lennar Corp.
CAA is merged into a Lennar subsidiary to create the nation’s largest home builder by revenue. Builder Lennar Corporation (NYSE: LEN and LEN.B), Miami, has completed the previously-announced strategic combination with CalAtlantic Group, Inc. (NYSE: CAA). The transaction, which is in the form of a merger of CalAtlantic into a wholly-owned subsidiary of Lennar, was overwhelmingly […]
Read More →How the Lennar, CalAtlantic deal impacts the nation’s biggest markets
Once the acquisition is official, the combined company will be No. 1 builder in more than half of the top 30 MSAs. By Brian Croce | Builder Late last month, Lennar (NYSE: LEN and LEN.B) sent shock waves throughout the home building industry with the announcement that it plans to acquire CalAtlantic (NYSE: CAA) in a $9.3 billion deal—including […]
Read More →Fitch, Moody’s bullish on massive Lennar-CalAtlantic merger
By Ben Lane | Housingwire On Monday, the homebuilders announced a deal that will see Lennar acquire CalAtlantic in a deal valued at approximately $9.3 billion. The deal will create the nation’s largest homebuilder. In brief notes sent Tuesday to clients, Fitch and Moody’s noted the strength and size of the combined company as a […]
Read More →Lennar, CalAtlantic strike deal to create largest U.S. home builder
Combined company will be one of the top three home builders in 24 of the top 30 U.S. markets By Cara Lombardo | The Wall Street Journal Lennar Corp. LEN -2.43% will buy CalAtlantic Group Inc. CAA +22.87% in a $5.7 billion deal, that will create the country’s largest home builder by revenue, the companies said Monday. Under the terms of the agreement, each […]
Read More →CalAtlantic purchases 5 acres in Phoenix in two deals
(NEWS RELEASE) Ryland Home, now CalAtlantic Homes, purchased 1.66 acres located at 2541 East Osborn Road in Phoenix. The Purchase Price of the Property was $950,000 and CalAtlantic plans to build 11 to 14 homes on the Property. CalAtlantic Homes recently purchased another parcel through Cashen which was a 2.3 acre parcel that was purchased […]
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