Tarragon Corporation Completes First Phase of Potential $90 Million Sale of Lincoln Pointe in Aventura, Florida for High Rise Development.

Publication: PR Newswire

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2006 PR Newswire Association LLC

NEW YORK, June 30 /PRNewswire-FirstCall/ -- Tarragon Corporation , an urban homebuilder specializing in the development and marketing of high-density residential communities and its 40% partner, Shefaor Development, today announced the closing of the first phase of a transaction which may result in the sale of substantially all of their ownership in Lincoln Pointe in Aventura, Florida to a partnership controlled by Brian Stolar of Chatham, New Jersey (the "Buyer") in which they received $64 million in cash, reduced their ownership to...

Read the full article for free courtesy of your local library.