The deal comes just a week after GlobeSt.com discovered thatWieger is part of an investment group that has purchased a 5% stakein locally based Del Webb Corp., one of the nation's largestdevelopers of retirement communities.
The deal for Hancock Communities is expected to close by the endof September. The name will change to Journey Homes, the name ofWieger's homebuilding company. Though the purchase price wasn'tdisclosed, Wieger says the funds to finance the acquisition arecoming from both local and institutional investors.
Wieger headed up Shea Homes in the mid-1990s beforeorchestrating a turn-around of UDC Homes, which he led out ofbankruptcy. He also ran locally Blandford Homes for a shorttime.
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