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Mercury Real Estate's interest in California Coastal falls below 5%
By Lisa Kerner
Charlotte, N.C., March 14 - Mercury Real Estate Advisors LLC decreased its ownership interest in California Coastal Communities Inc. to 3.9%, from 7.2%, with the sale of 202,379 shares of the company's stock between March 10 and March 6.
The shares were priced from $4.35 to $4.97, according to a schedule 13D filing with the Securities and Exchange Commission.
The investors beneficially own 421,561 shares of the Irvine, Calif., residential land development and homebuilding company.
In a prior SEC filing, Mercury Real Estate reported the purchase of 695,978 shares of California Coastal between Jan. 11 and March 6 priced from $4.82 to $7.62.
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