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Lennar buys 77 acres in Homestead for $10.75M

Tuesday Jul 11th, 2017

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Miami-based Lennar Corp. purchased more than 77 acres of land in Homestead for $10.75 million, property records show. The prominent homebuilder in South Florida picked up four parcels of land bundled together along Southwest 152 Avenue and Mowry Drive, just west of the Ronald Reagan Turnpike. The sale breaks down to $3.19 per square foot. Records show Treo Kingman, led by Otto Boudet-Murias, Rolando Delgado, Eduardo J. Garcia and Carlos A. Ortega of the Treo Group in Miami, sold the... [read more]

Lennar second quarter earnings beat Wall Street estimates

Thursday Jun 22nd, 2017

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  Miami-based Lennar Corp., one of the country’s largest homebuilders, on Tuesday reported lower fiscal second quarter earnings that still exceeded analyst expectations. Earnings including noncontrolling interests fell to $200.7 million, or 91 cents a share, from $224 million, or $1.01 a share, in the second period of 2016. Still, the average estimate among eight analysts surveyed by Zacks Investment Research was for Lennar earnings to reach 78 cents a share. Revenue rose... [read more]

Alexa, are you in my my new home?

Thursday Jun 15th, 2017

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Amazon’s Alexa will soon be arriving at Lennar’s homes. Miami-based Lennar Corp. just announced it will be adding smart homes to its new home offerings. The nation’s second biggest homebuilder said it will be partnering with Amazon to bring Alexa, Amazon’s smart personal assistant, into its homes’ designs, according to a release. The designs will be powered by Ruckus Wireless, a part of Brocade Communications Systems, to provide coverage throughout its... [read more]

Star Island home of Lennar founder Leonard Miller hits the market for $49 million

Thursday Jun 01st, 2017

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The former home of the late Lennar Corp. founder Leonard Miller and his wife Susan Miller, a prominent Miami philanthropist, was just listed for sale for $49 million, the Jills announced on Wednesday. The homebuilder, who died in 2002, and his wife, who died late last year, built the waterfront estate at 23 Star Island Drive in 1973. The seven-bedroom, 10,211-square-foot mansion sits on a 1.85-acre lot with 327 feet of water frontage, a pool, lighted tennis court, dock and boat lift,... [read more]

Lennar buys home development site in South Florida for $10M

Tuesday Mar 07th, 2017

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  Lennar Homes acquired the long-stalled Silver Palms Southwest project in southern Miami-Dade County for $10.3 million. Madeira Investors, managed by Juan Carlos Rodriguez in St. Augustine, sold the 106 home lots at the southwest corner of Southwest 240th Street and Southwest 117th Avenue to Lennar Homes, an affiliate of Miami-based Lennar Corp. (NYSE: LEN). The property was platted into home lots in 2007, but no construction took place as the recession set in. The property... [read more]

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