Lewis Group of Companies buys land at bankruptcy auction
Matt Wrye, Staff Writer
Posted: 08/04/2009 08:00:53 PM PDT
The Lewis Group of Companies’ real-estate fiefdom just got bigger.
The Upland-based firm, owned by Lewis Operating Corp., announced this week that it has bought 800 single-family home lots in Reno, Sparks and Dayton, Nev., for about $6.5 million in a bankruptcy auction.
“The Nevada market has challenges just like the rest of the country, so we expect it will take a few years to sell all the lots,” Randall Lewis, executive vice president of the firm, said Monday. “We’re already getting phone calls from some of the local home builders expressing interest.”
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