3 opportunities, 3 challenges for Lennar, now the largest US homebuilder

Lennar could leverage its sales strategies for CalAtlantic communities, but it has a challenge in reaching millennials.

Lennar becomes nation’s largest homebuilder with acquisition of CalAtlantic

Lennar Corp. has reclaimed its spot as the nation’s largest homebuilder after completing the acquisition of CalAtlantic Group. Miami-based Lennar (NYSE: LEN) and Virginia-based CalAtlantic (NYSE: CAA) both received shareholder approval for the merger on Monday. The companies said the deal will be effective at 11:59 p.m. Over 99 percent of shareholders at each company approved the deal. The deal is valued at $9.3 billion, including $3.6 billion in debt. Each share of CalAtantic may be exchanged…

​Trump property sale with Russian probed

At the time of the deal, Trump's companies had suffered a string of six successive bankruptcies.

Where women are buying homes

On average, single men are more likely to buy a home than single women, but women in some cities are bucking that trend, according to a report from SmartAsset. SmartAsset identified the metro areas where women are buying the most homes compared to men. In 402 cities, SmartAsset analyzed the number of mortgages used to purchase homes without a cosigner, breaking out the number of men and women who purchased a home on their own. Santa Fe, N.M., ranked No. 1 for women homebuyers. Women bought 6.7…

Penthouse in downtown St. Pete’s Vinoy sells for record-breaking price (Photos)

A penthouse unit in the Vinoy Place in downtown St. Petersburg has sold for $4 million, the highest price ever paid for a condominium within that property. Unit 1304 in Tower 4 sold for more than $750 per square foot in a deal that closed last week, the Gunn-Swainston Group of Premier Sotheby's International Realty St. Petersburg office said Wednesday. The list price was $4.5 million, or $840 per square foot. Vinoy Place was built in 2002. Within the penthouse's 5,300 square feet, there are…

Privé condo opens in South Florida with massive amenities (Photos)

The Privé at Island Estates condominium towers in Aventura have been completed, and they have some of the largest amenity spaces for a South Florida project of its size. Michael Neumann, director of sales for Privé at Island Estates, said the 150-unit project, at 5000 Island Blvd., has 35,000 square feet of indoor amenity space in each of the two towers, for a combined 70,000 square feet. That’s not including outdoor amenities such as two pools, poolside restaurant, dock, tennis court, summer…

Rosie O’Donnell sells South Florida mansion for $5M (photos)

Actress, comedian and talk show host Rosie O’Donnell sold her waterfront mansion in West Palm Beach for $5 million to businessman H. Wayne Huizenga Jr. and wife Fonda M. Huizenga. He’s the son of billionaire H. Wayne Huizenga, who led companies such as AutoNation, Blockbuster, and Waste Management, and also owned the Miami Dolphins, Florida Panthers, and the Florida Marlins. Huizenga Jr. leads Huizenga Holdings and is the CEO of Rybovich Marina in West Palm Beach. The home totals 7,592 square…

Grammy-winning producer Timbaland spends millions on new Miami condo

Grammy-winning producer Timbaland has agreed to acquire two units in the new Aria on the Bay condominium in Miami. Developer Melo Group didn’t disclose the price. However, the units were listed for about $4 million, according to sources familiar with the deal. Timbaland, whose real name is Timothy Zachery Mosley, can close on the deal when the condo tower receives its temporary certificate of occupancy (TCO), which is expected by March. The two units will be combined into one space totaling 4,700…