Levitt Begins Trading on NYSE

Levitt Corp., the Fort Lauderdale, Fla.-based parent company of a developer of single-family and multifamily homes, has begun trading on the New York Stock Exchange under the ticker symbol LEV.The stock opened at $20.48 Jan. 2 and was trading in the range of $20.30 to $22.05, according to Yahoo! Finance. The company is the parent of Levitt and Sons, a builder of planned suburban communities that now develops single-family and multifamily homes in Florida, the company said. Levitt Corp. is also the parent of Core Communities, a developer of "master-planned" communities in Florida. And Levitt Commercial, another company under the Levitt Corp. umbrella, is involved in development and joint venture opportunities in industrial and retail properties. "Listing on the 'Big Board' and trading on the floor of the New York Stock Exchange on the first trading day of the new year is a fitting way to launch the 75th anniversary of Levitt's homebuilding subsidiary," said Alan B. Levan, Levitt Corp.'s chief executive officer.