Author Archive for: DomresRealEstate

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…

Brazilian race car driver Hélio Castroneves has put his 4,000-square-foot Fort Lauderdale home on the market for $2.9 million, almost three times what he initially paid for the house. Catroneves has won the Indianapolis 500 three times, and is also is known for winning the fifth season of “Dancing with the Stars.” Castroneves' waterfront home is located at 325 Seven Isles Drive in Fort Lauderdale. It has five bedrooms; 4.5 baths; a private, gated entry, and a custom chef’s kitchen. According…

2017 was a big year for those moving to Texas, as the Lone Star state continued its reign as America’s No. 1 growth state, according to a report from U-Haul. Year-over-year arrivals of one-way trucks in Texas rose 1 percent in last year while departures grew 3 percent compared to 2016, per U-Haul. Despite a larger year-over-year increase in departures, arriving trucks still accounted for 50.3 percent of all one-way U-Haul traffic in Texas, allowing it to maintain its status as the top net-gain…

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…

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…