IRWINDALE, Calif -- H.F. Ahmanson & Co. said it hired Lowe Enterprises, a Los Angeles-based asset management firm, to manage its $600 million portfolio of residential and commercial development properties.

The contract covers about 30 properties in California, Illinois, Maryland, and Florida, but Ahmanson is continuing to manage some projects, including Ahmanson Ranch in California's Ventura County and Sutter Bay near Sacramento.

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