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Taylor Morrison adds 400 homes to Pinewalk project near St. Johns. St. Augustine Record Aug. 31, 2026, 9:43 a.m. ET National homebuilder Taylor Morrison has acquired an additional property in St. Johns County to extend its Pinewalk master plan for its resort lifestyle master plan communities. The Laurelwood at Esplanade at Pinewalk will feature approximately 400 single-family homes for residents of all ages. Spanning 415-acres, the gated community will feature larger lot sizes for 60-foot and 70-foot-wide homesites with floor plans designed for luxury living, plus an amenity package.

Berkshire Hathaway Alphabet stake reaches $36.6bn as Abel deploys cash. Berkshire Hathaway's Alphabet stake now stands at roughly $36.6 billion, vaulting the Google parent to third place in Berkshire's disclosed equity portfolio after the conglomerate added approximately 48.1 million shares during the second quarter of 2026. The position, revealed in Berkshire's Q2 2026 13F filing on 14 August 2026, places Alphabet just ahead of Coca-Cola's $35.1 billion holding but well behind Apple at $69.7 billion and American Express at $51.9 billion. It is, by some distance, the biggest new bet of the quarter. How the Berkshire Hathaway Alphabet stake was built. Roughly 60% of the newly acquired shares came directly from Alphabet itself, through a $10 billion private placement announced in early June. According to Alphabet's Free Writing Prospectus filed with the SEC on 1 June 2026, the placement was split evenly: $5 billion in Class A Common Stock at $351.81 per share and $5 billion in Class C Capital Stock at $348.20 per share, both priced below Alphabet's closing prices at the time. The remaining roughly $7 billion worth of shares appears to have been acquired on the open market. The private placement formed part of a broader $80 billion equity raise by Alphabet, structured as a $30 billion underwritten offering, the $10 billion Berkshire placement, and a $40 billion at-the-market programme expected to begin in the third quarter of 2026. The scale of the fundraising reflects Alphabet's ambitions in artificial intelligence. Reuters reported that Alphabet had raised its annual capital spending forecast by $5 billion earlier in 2026, to between $180 billion and $190 billion, as it accelerates investment in AI-driven computing through its business tools and custom chips. Abel's first quarter as deal-maker. The Alphabet position was not Berkshire's only meaningful move in the quarter. Greg Abel, who took over as chief executive from Warren Buffett earlier in 2026, completed his first major acquisition when Berkshire closed its purchase of homebuilder Taylor Morrison on 24 July 2026 at $72.50 per share in cash. The deal valued Taylor Morrison's equity at approximately $6.8 billion and its enterprise at roughly $8.5 billion, representing a 24% premium to the homebuilder's closing price of $58.50 on 29 May 2026, according to the company's announcement. Abel described the deal as 'an important step forward' and said Taylor Morrison would 'lead our vision for a unified site-built homebuilding operation.' Berkshire also added around $280 million to its stake in rival homebuilder Lennar during the same period. Delta Air Lines received fresh attention too. Berkshire increased its position by 44%, or roughly $1.6 billion, bringing the holding's value to $5.1 billion across 57.3 million shares. Delta had only returned to Berkshire's portfolio in the first quarter of 2026, several years after Buffett sold it and three other airline stocks at a loss during the early weeks of the Covid-19 pandemic in 2020. Operating earnings at Berkshire reached $12,983 million in the second quarter of 2026, up from $11,160 million in the same period a year earlier, according to Berkshire's SEC filings. The conglomerate also repurchased $4.5 billion of its own shares in the quarter, the first meaningful buyback activity in two years. Berkshire's cash position fell to $365.5 billion as of 30 June 2026, down 8% from the end of March. Michael Burry, whose wager against the US housing market before the 2008 financial crisis was chronicled in Michael Lewis's book 'The Big Short', used a Substack post to express concern that Abel is moving too quickly. He wrote that his 'biggest fear' had been that Buffett's successor would lack the 'patience for the fat pitch,' and concluded: 'I believe this fear has come true.' Burry clarified he is not recommending a short position in Berkshire. On the selling side, Berkshire trimmed Ally Financial by 7% and cut Capital One by 58%. Bank of America was reduced by a relatively modest 5.9%, but the size of the holding meant that translated into roughly $1.7 billion in value sold, the largest dollar reduction of the quarter. Berkshire has now cut its Bank of America position by 53% across eight consecutive quarters of selling. Whether Abel's early moves vindicate the speed of deployment or Burry's patience argument will become clearer when Alphabet reports its first full quarter of results following the capital raise. Funke Adeyemi spent a decade in corporate banking and fintech before moving to business journalism. She started in trade finance at a major UK bank, moved to a payments company scaling into African markets, and spent her last role leading partnerships at a cross-border remittance platform. She writes about business strategy, fintech, digital banking, and the corporate news that moves markets. She is interested in how companies actually make money rather than how they describe making money in investor presentations. Funke lives in South London. She reads earnings calls the way other people listen to podcasts, and finds them about as reliable. 27/08/2026 26/08/2026

Model homes opening at Kingston in Estero. The first model homes are now under construction at Kingston, a conservation community that represents one of the most exciting master-planned developments in Southwest Florida. Envisioned by Cameratta Companies, Kingston is transforming farmlands east of Estero into a distinctive community that blends environmental preserves and wildlife habitats with residential neighborhoods and commercial destinations. Kingston will host a Grand Opening celebration on Oct. 17, when homebuyers will have the opportunity to tour the newly built model homes and preview planned resort-style amenities. The community will offer options for a wide range of buyers, with single-family homes, villas and future condominiums starting from the $400s. Three leading homebuilders - Pulte Homes, Lennar and Neal Communities - are constructing model homes in Kingston South, a dynamic, multigenerational neighborhood that will feature 3,625 homes designed around connection and recreation. The neighborhood's extensive list of amenities built by Cameratta Companies will include an indoor sports complex and outdoor recreation spaces, a signature saloon for live entertainment and casual dining, and a resort pool oasis with waterfalls and water slides. Cameratta Companies is partnering with WMG Development to construct commercial space for shopping, dining, wellness and local services at the main entrance to Kingston South. The builders in Kingston have been carefully selected to complement each other and provide a variety of housing options. Pulte is offering single-family homes from three design collections that range in size from 1,518 to 4,272 square feet. Lennar will build villas and single-family homes from four collections ranging from 1,462 to 3,945 square feet. Neal will be featuring villas and single-family homes from five collections ranging from 1,433 to 4,443 square feet. Adjacent to Kingston South, Cameratta Companies has partnered with Taylor Morrison to build Esplanade at Kingston, a 1,285-home lifestyle community featuring resort-inspired amenities, wellness-focused programming and curated experiences to enrich everyday life. The community will offer 14 distinctive floor plans across four collections of condos, villas and single-family homes that range in size from 1,329 to 4,591 square feet. Esplanade's on-site amenities include a spa and resort pool meticulously designed to maximize relaxation, wellness center with modern training spaces and a world-class culinary center that accommodates a range of dining options and space for cooking classes, wine tastings and culinary experiences. "This project has been in the planning and development stages for years, and seeing the first model homes under construction is an exciting moment for our team and the hundreds of families who have already reached out seeking information about our homebuilders and floor plans," said Nick Cameratta, partner of Cameratta Companies. "We've seen tremendous demand for new homes and the lifestyle we've created along the Corkscrew Road corridor. Kingston builds on that success with new housing plans, exceptional amenities and everyday conveniences, all thoughtfully integrated with the natural environment." More than 3,750 of Kingston's over 7,600 acres are designated as environmental preserves and wildlife habitats. At build out, Kingston will feature up to 10,000 residences and 700,000 square feet of commercial space for shopping, dining and everyday services. Kingston includes a K-12 tuition-free public charter school designed with golf-cart accessibility for convenient student drop-off and pick-up. True North Classical Academy is Florida's highest-performing charter school network, recognized for academic excellence and honored with the prestigious National Blue Ribbon School of Excellence designation. Enrollment preferences will be provided to residents of Kingston. Phase 1 of the school is scheduled to open in 2028. Kingston is located in Estero approximately 10 miles east of Interstate 75 along Corkscrew Road. Kingston's Grand Opening celebration will be held from 11 a.m. to 2 p.m. on Saturday, Oct. 17; RSVPs are not required. Prospective homebuyers can follow Kingston on social media at Facebook.com/KingstonEstero for details about the Grand Opening event. In addition to Kingston, Cameratta Companies is the developer behind four other premier communities in Estero on Corkscrew Road: Verdana Village, The Place at Corkscrew, Corkscrew Shores and The Preserve at Corkscrew. Site plans, renderings of model homes and a comprehensive list of community amenities are available online at KingstonLiving.com. About Cameratta Companies Cameratta Companies is a full-service, leading real estate development company and a pioneer in the real estate industry. The Cameratta team of professionals, designers, engineers and general contractors has successfully developed thousands of acres of raw land, from the Midwest through Southwest Florida, into masterfully designed communities. Cameratta has received national recognition for quality design and development. Today, its dedicated team of industry leaders plays a part in every facet of the development process. This involves acquiring land, creating a vision and land plan, acquiring financing, securing local, state and federal government approvals, infrastructure installation and amenity design and construction. Cameratta Companies has been committed to being responsible stewards of the environment in which its communities inhabit and have been known to enhance the surrounding environment by working hand in hand with hydrologists, designers, ecologists and environmental agencies to balance function and natural beauty while protecting wetlands and enhancing presence. For more information, please visit CamerattaCompanies.com.