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The 80-year-old home builder and community developer grew tired of competing with the popular movie's name in Internet searches.
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Carl Mulac tells BUILDER the motivations behind the $62 million deal involving Joseph Carl Homes, which was completed in 45 days.
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Public builder pays $62 million in cash, stock, and notes for real estate portfolio that also includes land in Florida and Arizona.
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Gerald D. Kelfer is retiring and will be replaced by Jon M. Donnell in mid-November.
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Reports will likely elaborate the hazards of the problematic drywall and offer potential remedies.
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CEOs of Toll, Meritage argue for housing stimulus.
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The Coral Gables, Fla.–based company lost $556,000, or $0.07 cents per share, in the quarter ended March 31, it reported.