Sale of Akins Cos. to Catellus Complete
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IRVINE — Catellus Development Corp. said Monday it has completed its $9.15-million purchase of the Akins Cos., a family-owned home builder in Irvine.
The new company, called Catellus Residential Group, will remain headquartered in Irvine. The San Francisco-based Catellus is a large, publicly traded developer of real estate in California. Catellus said in December that it would purchase the privately held Orange County builder.
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