The Real Deal Miami

Merger talks for Tousa

December 24, 2008 10:57AM

Tousa, the state’s largest bankrupt homeowner, may soon be part of the
consolidation of the battered building industry. Standard Pacific, an
Irvine, Calif.-based company that’s among the largest home
builders,
confirmed in a news release that it’s in preliminary takeover talks
with Hollywood-based Tousa, which filed for bankruptcy at the end of
January. Its subsidiaries, including Engle Homes, Newmark Homes and
Estate Homes, have operated in Florida, Texas, Colorado, Nevada,
Tennessee, Virginia, Maryland and Pennsylvania.