Home-builder Lennar’s stock jumps after company posts better first quarter profits than expected

Home-builder Lennar’s stock jumps after company posts better first quarter profits than expected

Powerhouse home-builder Lennar Corp. of Miami beat Wall Street’s expectations Wednesday by reporting better-than-expected first quarter profits and revenues after selling more homes at higher prices and gaining a boost from its purchase of onetime rival CalAtlantic. The company’s stock price jumped the $60 mark on the New York Stock Exchange, recording a 10 percent…

Metropica gains traction in Sunrise as retailers sign, first tower is topped off

Metropica gains traction in Sunrise as retailers sign, first tower is topped off

It’s taken the better part of 15 years, but the long-awaited master planned development in Sunrise known as Metropica is gaining traction with the near-completion of its first residential tower, more condo buyers signing contracts, and retail and restaurant chains committing to leasing deals. On 65 acres of land at the Sawgrass Expressway and Sunrise…