The Real Deal Miami

Levitt seeks to auction lots

May 21, 2008 10:55AM

Bankrupt home builder Levitt & Sons has requested to sell some of its real estate assets at a June 12 auction. Pending approval from a judge, the Florida-based company will sell a 26.1-acre land parcel in Tennessee and a total of 224 lots in four subdivision developments. Bids would be due on June 10, and would start at a $13.7 million bid by Hyneman Cos. Hyneman purchased a 63-lot Tennessee subdivision from Levitt & Sons in December.