- American City Business Journals•4 days ago
On Oct. 1, the completed merger resulted in the new company called CalAtlantic Group Inc. (CAA). Another big deal from last year came to Fairfax-based Van Metre Cos., although it didn’t result in a big boost in market share in our region. Van Metre acquired about 1,500 lots and land in 10 communities in Loudoun County, West Virginia and Frederick County, Maryland, when it bought Arcadia Communities LLC last October.
- American City Business Journals•11 months ago
Homebuilders Standard Pacific Corp. and Ryland Group Inc. plan to cut about 10 percent of their combined workforce after their $5.2 billion merger closed Thursday. The merged company, now called CalAtlantic Group Inc.(CAA), will lay off workers in the coming months because of overlapping staff in nine divisions, spokeswoman Danielle Tocco told the Los Angeles Times. CalAtlantic, which has operations in 17 states, will maintain its headquarters in Irvine and northern Virginia, while Ryland’s Westlake Village headquarters will close.
- Market Realist•11 months ago
According to KB Home's income statement for 2Q15, the peers are ahead of KB Home based on the net profit margin, EPS, PE ratio, and PBV ratio.