March 12, 2014
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CalAtlantic Group Inc. in Irvine is being purchased by Lennar Corp. in a $9.3 billion deal, one of the largest on Wall Street this year.
HomeAid America, a Newport Beach-based building industry charity, said CalAtlantic Group Inc. executive chairman Scott Stowell will lead its Board of Directors as Chairman for the next two years.
Scott Stowell, chief executive officer and president of Irvine-based homebuilder Standard Pacific Corp., has been named to the board of Newport Beach’s Pacific Mutual Holding Co., the ultimate parent company of Pacific Life Insurance Co.