Public builders moved further into Florida in June. Toll Brothers purchased Landstar Homes in Orlando, which closed 471 homes for $115 million in revenue in 2004. The acquisition gives Toll control of 2,500 lots in Central Florida. Hollywood-based Technical Olympics USA (TOUSA) didn’t look far for its purchase of Coral Springs–based Transeastern Homes. The joint company will control about 40,000 home sites in Florida, according to Antonio Mon, TOUSA’s CEO and president.
Learn more about markets featured in this article: Orlando, FL.
