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Lennar nets $310.3 million in Q2

Posted by   /  June 27, 2018  /  Real Estate  /  No Comments

  Company more than doubles Wall Street earnings estimates; stock rises 5%. Builder Lennar Corporation, Miami (NYSE: LEN and LEN.B) on Tuesday reported net income of $310.3 million, or $0.94 per diluted share, for its second quarter ended May 31, compared to second quarter net earnings attributable to Lennar in 2017 of $213.6 million, or $0.89 per […]

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Goodyear community continues rapid growth with new homebuilder debut

Posted by   /  June 1, 2018  /  Real Estate  /  No Comments

(Editor’s note: News releases are published unedited, unless they contain factual errors.)  Lennar Returns to Goodyear’s Estrella by Newland Communities with NextGen® Product GOODYEAR, Ariz. (May 30, 2018) – Master-planned development, Estrella by Newland Communities, has announced the grand opening of its newest neighborhood, Horizon in Montecito by Lennar. The new neighborhood marks the return […]

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Builder honors Lennar as 2018 Builder of the Year

Posted by   /  May 7, 2018  /  Real Estate  /  No Comments

After inking home building’s deal of the century, the production builder doubles down on creating value for both itself and its customers, with a sharp focus on what comes next. By John McManus | Builder “Add to cart.” Those three words together set an almost mystical bar of expectations today for billions of people who […]

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Lennar now integrating Alexa into new home construction

Posted by   /  April 18, 2018  /  Real Estate  /  No Comments

By Daniel Eran Dilger | Builder Major U.S. home builder Lennar, along with other regional home builders, has partnered with Amazon to install multiple Echo microphones into new housing together with Alexa-controlled light switches, thermostats and even door locks that grant access to Amazon delivery workers–creating a wider threat of Facebook-style corporate surveillance and invasions of privacy. […]

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Lennar to Sunset Farms

Posted by   /  March 26, 2018  /  Real Estate News Briefs  /  No Comments

(Editor’s note: News releases are published unedited, unless they contain factual errors.) Lennar Homes purchases final platted & engineered lots at Sunset Farms 99th Avenue and Broadway, Phoenix Arizona $4,248,000 PHOENIX-Lennar Arizona, Inc., Gilbert, AZ paid +/- $4.248 million cash to acquire a portion of Sunset Farms, a planned community in west Phoenix. Included in the sale […]

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After Lennar’s $6.5 billion CalAtlantic coup, what next?

Posted by   /  February 13, 2018  /  Real Estate  /  No Comments

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 […]

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It’s official: CalAtlantic becomes part of Lennar Corp.

Posted by   /  February 13, 2018  /  Real Estate  /  No Comments

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 […]

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How the Lennar, CalAtlantic deal impacts the nation’s biggest markets

Posted by   /  November 14, 2017  /  Real Estate  /  No Comments

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 […]

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Fitch, Moody’s bullish on massive Lennar-CalAtlantic merger

Posted by   /  November 1, 2017  /  Real Estate  /  No Comments

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 […]

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Technology equation that makes Lennar and CalAtlantic combo work

Posted by   /  November 1, 2017  /  Real Estate  /  No Comments

Data, business intelligence investment will come into play to add velocity to local, divisional, regional and national decision-making and workflows. By John McManus | Hive As the picture of a super power–combining the heft of the No. 2 and the No. 5 home building businesses under the Lennar umbrella as a 43,700-home, $17.2 billion enterprise–comes […]

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