Hot Buys

By Alison Rice. As the summer heats up, so do the deals. Standard Pacific is buying Tampa, Fla.-based Westfield Homes for $109 million in cash, stock, and debt. Meritage Corp. plans to purchase Texas builder Hammonds Homes for $82.8 million in cash and debt, and Lennar is acquiring The Fortress Group’s remaining operations (The Genesee Co.) for a net cost of $27.7 million in cash, after the pending $23 million sale of Fortress’ Texas operations.