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Stock impact report

Legion Capital Announces Florida Land Development Sale To KB Home [Yahoo! Finance]

KB Home (KBH) 
Last kb home earnings: 3/26 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.kbhome.com
Company Research Source: Yahoo! Finance
19.05 acres within the Harmony master planned community in Kissimmee, FL. Sold to KB Home (KBH), conjointly with a tenured client and borrower of Legion Capital, the parcel is zoned CT, Commercial Tourist by Osceola County which allows numerous forms of multi-family, condominium, short-term rental, retail, and lodging facility construction. “We are pleased to announce the successful sale of the Harmony site,” said Paul Carrazzone, chief executive officer of Legion Capital. “We take pride in working closely with our borrowers through all phases of project development, and while this transaction tested our team's creativity, they skillfully effectuated a timely closing and monetization event beneficial to all parties.” Platted for 58 lots, Legion expects the property to be completed with single family homes, which is congruent with the surrounding developments. It is adjacent to Champions Gate, an upscale mixed-use resort destination comprising of single-family home neighborhoods, t Show less Read more
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