
W H E R E Y O U ' L L B E
"A W E L C O M E V I S I T O R A N Y T I M E ."
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L A T E S T N E W S
May 25, 2008
Levitt Corporation will change its name to Woodbridge Holdings, effective May 27, 2008. Levitt Corp. is the parent company of today's Levitt and Sons and builds primarily in the Florida housing market. According to published reports, the name change reflects the corporation's future direction, which will involve investments both within and outside the real estate industry. The name change is also a part of a plan to distance itself from the Levitt and Sons, LLC subsidiary. With the Levitt and Sons, LLC subsidiary filing for Chapter 11 bankruptcy protection on Nov. 9, 2007, the subsidiary is now in receivership under Kurtzman Carson Consultants, LLC. According to a statement previously posted at the the Levitt Corp. web site, Levitt Corp. and its other subsidiaries are unaffected by the status of Levitt and Sons, LLC. Other subsidiaries of the former Levitt Corporation include Bluegreen Corp. and Core Communities, LLC. Over the years, the Levitt and Sons name has weathered many ups and downs due to both market and organizational impacts. Although not the same company it once was, the Levitt name seems to carry with it a certain resilience. It will be interesting to see if the Levitt name somhow re-emerges in the homebuilding industry.
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