Commercial Development News - Appraisal Development International

St. Joe completes acquisition of Arvida
By Staff Report
Tampa Bay Business Journal
Published: Nov 8, 2008

St. Joe Corp. completed its acquisition of a controlling interest in Arvida Co. The new venture is called St. Joe/Arvida Co., L.P., which will hold the major assets of Arvida Co., a leading private real estate development company headquartered in Boca Raton. The new venture will use the managerial skills of the Arvida team to build and manage new residential properties in Florida and around the country. Jim Motta, Arvida's president, will serve as president of the new company. The headquarters of St. Joe/Arvida Co. L.P. will remain in Boca Raton.