Forestar, the Temple Inland spinoff behind Town West, being courted: The company planning the massive residential/commercial/office community just west of Adairsville is being courted by investor Holland M. Ware, according to the Austin Business Journal. Ware, already a large Forestar shareholder, is bidding $15 per share ($535.5 million value). The bid has fueled a rapid rise in the company's stock, from $3 to $12-plus (click latest). Forestar's board is considering the office. Town West, as planned, would feature 2,550 residential units and up to 900,000 square feet of office and commercial--roughly twice the size of Mount Berry Square
Friday, January 23, 2009
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