Standard Pacific buys 34 homes for $8.8 million in Boca Raton

Irvine, Calif.-based Standard Pacific Homes has purchased 34 homes for $8.8 million at the Oaks at Boca Raton, the Sun Sentinel reported. Kenco Communities sold the properties within the 469-unit development.

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The Oaks “fit perfectly with that overarching strategy,” Dan Grosswald, Standard Pacific’s South Florida division president, said. “It’s a country club community without the golf course and the equity expense.”

Standard Pacific told the Sentinel that it expects an average prices above $900,000. [Sun Sentinel]Christopher Cameron