A builder’s ongoing four-year dispute with 84 Lumber over allegedly shoddy construction has killed a personal as well as a business relationship. More
Payoff of Cerberus debt made possible in part through $20M government loan. More
Subprime mortgage unit will go to Cerberus Capital, but not before causing the company known for tax-preparation services to post a loss for the 2007 fiscal year. More
Georgia-Pacific has found a buyer for its building products distribution business. In March, the Atlanta-based company announced that Cerberus Capital Management, a private investment firm, will purchase the distribution unit for $810 million. Also in March, public builder Lennar announced it was expanding its presence in Texas. The Miami-based company bought the real estate assets of San Antonio builder Connell-Barron Homes, which closed 130 homes last year, with an average sales price of $244,000. More
