Mercury Real Estate owns 7.2% of California Coastal

By Lisa Kerner

Charlotte, N.C., March 11 - Mercury Real Estate Advisors LLC purchased 695,978 shares of California Coastal Communities Inc. between Jan. 11 and March 6.

The shares were priced from $4.82 to $7.62, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 782,706 shares, or 7.2%, of the Irvine, Calif., residential land development and homebuilding company.

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