Codina, Carr cash out of Sunrise site planned for 900 homes for $165M — a big gain

CC Homes, led by developers Armando Codina and Jim Carr, cashed out of their Sunrise development site planned for 900 homes for $164.5 million, a big gain in value from its price three years ago.  New York-based DW Partners, a land bank for homebuilding titan Lennar, bought the 160-acre former golf course at 7400 Northwest 24th Place from Coral Gables-based CC Homes and its partner Roland DiGasbarro, according to records. DW Partners and Lennar signed a purchase option agreement for Lennar to purchase the site. The agreement expires in 2031.  CC Homes also is entitled to receive a portion of […]This article originally appeared on The Real Deal. Click here to read the full story.