The Real Deal Miami

Levitt Corp. posts $10.4M loss

May 14, 2008 02:28PM

Fort Lauderdale-based real estate company Levitt Corp. posted a $10.4 million decline in the first quarter of 2008, dropping its value by 11 cents per share. Its master-planned community subsidiary, Core Communities, brought in only $641,000 in revenue, down from $1.7 million in the first quarter of 2007. It also carries expenses and overhead costs of its bankrupt subsidiary Levitt and Sons.