As Miami home builder Lennar Corp. tries to get Medford Village East Associate's chapter 11 case thrown out, the stalled New Jersey development owner filed a plan of reorganization on Friday that would maintain its ownership of the properties, Dow Jones DBR Small Cap reported today. The plan would pay Lennar $6.3 million, which includes some interest and the full return of a $6 million deposit, with yearly installments until March 2017. Lennar also would receive 2.5 percent interest until it has been repaid.
