The Deutsche Bank Trust Company America, is asking Technical Olympic USA (TOUSA), owner of Transeastern as part of a joint venture to repay money it borrowed last year to buy Transeastern.
The Tampa Tribune further reports that it is reported that Transeastern has stopped offering lots in its Live Oak development in New Tampa. Transeastern's other developments in the area include the Hammocks in New Tampa, and Tampa Bay Golf & Country Club in San Antonio, (Pasco County).
The Tribune further reports that Transeastern laid off 130 workers in September.
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