Construction trade BUILDER reports that a federal court named Rouse Chamberlin Ltd.,  to maintain and sell the remaining properties in Toscana as part of a settlement with Wells Fargo, the financier of the project.

Meanwhile, the owners of DeLuca Enterprises will close their 40-year-old company to avoid filing for bankruptcy and to free up time to open a new home development company called DeLuca Homes.

Sources:

• BUILDER: Receiver Assigned to Dispose of Pennsylvania Builder’s Properties
• BUILDER: Longtime Builder Perseveres Despite Losing Most of Its Assets