Weyerhaeuser Company
Home builders TRI Pointe, Weyerhaeuser Real Estate to merge

Irvine builder TRI Pointe Homes plans to combine with Weyerhaeuser Real Estate Co. in a deal pegged at roughly $2.7 billion, giving the Orange County firm a nationwide stake in a recovering housing market. The deal greatly expands TRI's footprint — until now focused in California and Colorado — into markets it sees as poised for long-term growth, including Phoenix, Washington, D.C, Richmond, Va., Houston, Las Vegas, Tucson and the Seattle region. The merger, announced Monday, transforms the Irvine firm into one of the nation's 10 largest home builders based on estimated combined market value, TRI said. "We are barely a year into a housing recovery. It's...