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Arthur Falcone
Arthur Falcone is an American real estate developer and Chief Executive Officer and Chairman of Falcone Group, a real estate and land development organization located in Boca Raton, Florida.
==Early career==
Arthur Falcone began his professional career by investing in fast food restaurants, hotels and health clubs in New York., along with his brother, Edward Falcon. They became the owner-operator of McDonald's, Wendy's, Days Inn Hotels and other family-style restaurants throughout New York, Florida and California.
In 1988, Art Falcone formed Transeastern Properties, Inc., a builder-developer for Westinghouse Communities and shortly thereafter also for Arvida Communities. The company built single family homes in the cities of Coral Springs, Florida], Parkland, Florida and Weston, Florida. By 2005, it had become the largest private homebuilder in Florida and one of the top 25 homebuilders in the United States. In 2005, the homebuilding assets and operations of Transeastern were sold to Technical Olympic USA for approximately $857 million.〔(【引用サイトリンク】url=http://www.bizjournals.com/southflorida/stories/2005/08/01/daily13.html?page=all )〕 Separately, Transeastern principals had land bank contracts with Technical Olympic USA for an additional $750 million for over 20,000 lots in the State of Florida.
Falcone later formed an ancillary broadband services company, with his brother, Robert Falcone, called Century Communications Inc. to deliver cable TV, security monitoring, internet and telephone services for the Transeastern communities. In 2007, the firm was sold to Comcast and Brighthouse Communications.
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