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Lennar buys golf course near Lake Worth Beach for $13M

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Lennar Homes acquired part of the Fountains Country Club west of Lake Worth Beach. First, Concert Fountains Properties, managed by Peter J. Nanula in Newport Coast, California, sold the property for $9.27 million to Lynx Zuckerman at Palm Beach I LLC, managed by Michael McCarty in Coconut Creek. Then the land was sold for $13.44 million to Lennar Homes, part of Miami-based homebuilder Lennar Corp. (NYSE: LEN).