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History

The Falcone Group story dates back more than 30 years ago, when Arthur Falcone began his career by owning and operating restaurants, hotels and health clubs in his home state of New York, as well as in Florida. Included in these holdings were properties with many major national brands, including McDonald’s, Wendy’s, Fatburger, Days Inn Hotels and Jack LaLanne Health Clubs. Throughout his career, Falcone excelled at acquiring, improving and selling a wide variety of real estate-related operating businesses and companies. The largest and most lucrative holding was South Florida based Transeastern Homes, Inc., which was established in 1989 by capitalizing on foreclosures against distressed housing debt brought on by the national recession in the late 1980s and early 1990s. As the economy rebounded, this asset base fueled Transeastern’s growth into the largest private homebuilder in the State of Florida and one of the top 25 homebuilders in the United States.

In 2005, as Falcone saw the homebuilding market peaking, Transeastern and its landholding company were sold for more than $1.6 billion, in one of the largest private homebuilder sales ever recorded.

Coupled with the success of Transeastern, the Falcone Group was born to allow for a wider array of investments. FG has gone on to be involved in some of Florida’s biggest and most important projects. With property holdings in the heart of major metropolitan cities combined with a presence along strategic transportation corridors, FG is poised for continued success.

 

© Falcone Group 2016. Developed by Cohen & Co. Creative.