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Confidence in Florida Land Again

In a sale that may strongly signal the stabilization of Florida's troubled residential real estate market, Starwood Land Ventures LLC and Lennar Corp. finalized the purchase of 5,449 residential lots and 36 model homes in 38 Florida markets from Tousa, a land developer based in Hollywood, FL, that filed for bankruptcy in 2008. These land holdings constitute one of the most desirable real estate portfolios to come to market in years.

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