Lennar merges Tampa, Clermont offices - Orlando Business Journal:

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The new division includes Pasco, Hernando, Polk, Osceola, Lake, Seminole and Brevard “Lennar is meeting the challengeof today’s homebuilding and we will continue to preses forward with a strategy that includes [an] intense focus on reducing costws and delivering the best valuess homes in the market,” said Mark Metheny, the formef president of Lennar’s Tampa Bay divisio who will now lead the combined The division will headquartered at Lennar’sx offices at 600 N. West Shorwe Blvd. but maintain an office at 2955 HeritagHills Blvd. in Clermont.
With the divisioj merger, some Lennar executivesa were named to new positionx including Mike Southward as directortof purchasing, Judd Tyler as Robert Jesski as director of salee in Tampa and Paul Brooks as director of saleds in Orlando. David Parker, Fionaq DiDomenico and Karen Morgan were named vice presidentaof sales, while Steve Smith and Wayne Broedel were namesd directors of construction. Ben Gainer, Anthony DeSimone, Kevin Stream and Wes Stapl were named senior area construction managers in while Joe Fulghum will take over as directo of customer relations and Jennifer Siemering as directofof closings. The central Florida division of Lennar is partof LEN) in Miami.
The company — which recorded nearly $166.9 million in sales from January througbhSeptember 2007, according to the 2009 Book of Listes — is the largest Central Florida production home builder. The companyh is building in 14 CentralFlorida Tuesday, Lennar said it woul d sue Knauf Plasterboard, Taishan Gypsum and for what it allegesd as selling “defective gypsum” drywall that was installex in homes built by Lennar, which causef “substantial damage” to the company in The complaint also charges 12 installer with breach of contract and breach of express and implied Lennar shares were hammered a month ago when Barru Minkow, a self-proclaimed “fraud buster,” accused Lennar of providing “vague and less-than-transparent responses to the SEC inquiries about off-balanc sheet, joint-venture debt.
” Lennar denied Minkow’s claims, calling them “falsee and scurrilous allegations.” Lennar reported a fourth quarterd loss of $811 million, or $5.12 per sharw for the period ended Nov. 30, down from a net loss of $1.3 or $7.92 per share, the year before. Revenue was $1.3 41 percent lower than the year before.