January 8, 2018
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Parent company runs cabinetmaker, homebuilder with $600M revenue, 4,500 employees … builds under RSI Home in Inland Empire, Texas … recent deal $250M, 1,500-home project near Austin-Round Rock … expects to have opened total of 35 communities by 2018 … plans expansion to NorCal, Ariz., Fla. … said to be eyeing solar-energy … Business Journal OC’s Wealthiest, $1B
REAL ESTATE: Homebuilder deal on heels of cabinet division
For Ron Simon, the cost of home upgrades trumps the value of a new home itself, based on the Newport Beach business leader’s two recent blockbuster sales.
William Lyon Homes said on Tuesday that it has agreed to buy fellow Newport Beach-based homebuilder RSI Communities, for $460 million.