JF Companies, LLC

PHOENIX, AZ — JF Companies, Inc., with offices in Phoenix and Denver, has completed the sale of its 3,000 acre Trillium development, west of Phoenix, Arizona to an adjoining developer and homebuilder. Trillium, acquired five years ago in the town of Buckeye, has its infrastructure and master plan complete, and will now serve as the entrance community for Douglas Ranch, a planned 34,000 acre development. Douglas Ranch developers El Dorado Holdings, Inc., Sonoran West Properties (a subsidiary of JDMD Investments, LLC), and the Apollo Group are the purchasers. •MORE

DENVER, Colo. — (December 27, 2006) Colorado Governor Bill Owens is forming a new investment venture with Denver-based JF Companies chairman Joel Farkas and JF Companies CEO and former Colorado House Majority Leader Chris Paulson. The new venture, JCB Group, LLC, will focus on identifying and acquiring available land for residential and commercial development and investment projects throughout the western United States, as well as select locations in Europe and the Pacific Rim. •MORE