Transactions
Apr. 30, 2002
IRVINE HOME BUILDER SETS BAR AT $95 MILLION
Standard Pacific Corp. has acquired Westbrooke Acquisition Corp. from Newmark Homes Corp. for cash and assumption of debt liabilities. The deal is worth $95 million and was completed April 15.
Irvine's Standard Pacific builds and sells single-family homes. Its homes sell for an average of $355,000. It also acquires and develops residential land.
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