New firm to focus on land acquisition

INDUSTRY WATCH

September 11, 1994

Wynstone LLC is a new Columbia-based company that will focus on land acquisition, selling and development in Anne Arundel, Baltimore, Carroll, Harford and Howard counties.

The firm is a joint venture between Richard Azrael, president of Chateau Builders Inc., and James M. "Mickey" Abrams, president of Cypress Homes of Maryland Inc.

Wynstone plans to launch the area's first regional land data bank, a centralized residential bank and information system for homebuilders.

"We fully expect the Land & Data Bank to become as important to developers and builders as the multiple list system is to the real estate brokerage community," Mr. Azrael said.

The new firm will also process environmental permits for builders, according to Mary Elizabeth Russell, who has been named vice president of land acquisition. Ms. Russell said Wynstone will speed up the permit process.

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