April 16, 1993 |
Santa Monica-based home-building giant Watt Enterprises said Thursday that it sold nearly all of the assets of Watt Housing Corp., a subsidiary, to British-owned Beazer Homes for $116 million. Watt Housing said the sale includes about 3,800 lots on 44 tracts, including 19 in Southern California and 17 in Phoenix. Beazer is the U.S. subsidiary of Hanson, Britain's third-largest home builder. It also owns Jacuzzi Whirlpool Baths and Farberware Cookware.