Lesley Garland

Lesley Garland's Posts

Haven Mavens

When Buz Hoffman finally signed on the dotted line to make his company a strategic partner with Del Webb, the leader in active adult housing, he could barely contain his joy. Del Webb wants to create new business models, expand its brands, build out existing properties faster, and introduce new products. Read more

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Party Time?

The days of public builders being unappreciated and undervalued may be coming to an end. It's not time to break out the balloons and whistles, but after watching Wall Street turn its back on the home building industry over the past decade, analysts are cautiously optimistic that the Street may be coming around.A few things may help raise valuations for the public home builders, says Goldman Sachs analyst Christopher Winham. Read more

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Pay to Stay Pay to Stay

New farm bill could slow development.Land suitable for development could be in even shorter supply if a new measure to keep farmers from selling their acreage succeeds. The Agriculture, Conservation, and Rural Enhancement Act would pay farmers to keep their land out of developers' hands. Read more

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Double Play Double Play

Lennar's gain is Fortress' loss.Lennar made no secret that its 2001 goal was to move into the mid-Atlantic, so it did, with three late-year purchases that gave the builder strong positions in the Charlotte and Raleigh, N.C., and Baltimore markets.Left in a weaker position was The Fortress Group, which sold its Charlotte-based Don Galloway Homes and Raleigh-based Sunstar Homes for $20 million cash along with Lennar's assumption of a $30 million debt. Read more

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Ca$h Advance Ca$h Advance

Joint ventures, debt offerings broaden builders' finance options. Times have changed, and so have the industry's need for capital and its approach to getting it. Meritage Homes CFO Larry Seay works with a group of banks including Wells Fargo, Guaranty Bank, and California Bank and Trust. Read more

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