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La Jolla land developer expands from coast to coast.

Publication: San Diego Business Journal
Publication Date: 27-OCT-03
Format: Online
Delivery: Immediate Online Access
Full Article Title: La Jolla land developer expands from coast to coast.(Newland Communities pays $600 mn in cash for several properties)

Article Excerpt
La Jolla-based Newland Communities expanded its presence in some markets and established offices in other areas when it paid $600 million in cash for several properties of a competitor, as well as related management operations.

While bringing Newland's name to new markets such as Dallas and Washington, D.C., the deal also included the rights to Dallas-based Terrabrook's name, said Derek Thomas, vice chairman and chief operating officer of Newland.

The developer will have new regional offices in Denver, Orlando,...

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