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In 1956, he formed the company, Pulte Homes, Inc which was based in Bloomfield Hills, Michigan. [7] [1] In 1972, the company became a public company via an initial public offering. [8] In 1998, the company acquired Divosta for an estimated $150 million, [9] and it also acquired Radnor Homes for an undisclosed amount. [10]
In 1956, he founded William J. Pulte Inc. [4] In 1959, he built his first subdivision, Concord Green in Bloomfield Hills. [1] In the 1960s, he expanded his company Pulte Homes beyond Michigan into Washington, D.C., Chicago and Atlanta. He took the company public in 1969.
Along with construction, the corporation was also involved in real estate and owned several hotels and casinos which were built and/or expanded by the company. The company was purchased in 2001 by Pulte Homes. [1] Pulte Homes since merged with Centex Corp. and became PulteGroup. [2] Del Webb continues as a brand of PulteGroup. [3] [4]
Dugas worked for Exxon and then Pepsi.. He then joined PulteGroup, based in Atlanta.After a few years, he was promoted to chief operating officer. In 2003, he became chief executive officer [1] and in 2009, he was named chairman.
Real estate investing has historically seen high returns. Residential homes typically have lower returns than commercial properties, but they can still be valuable assets in many investment...
Otto Divosta (born June 11, 1934) [1] was a principal partner of a major home development company based in South Florida. In the 1970s, he developed a process for building multi-family homes in an assembly line fashion.
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