Article: Arvida Realty Services, a Business Unit of The St. Joe Company, Forms Real Estate Alliance With Argentinean Broker, Baigun Operaciones Inmobiliarias of Buenos Aires.

CLEARWATER, Fla--(BUSINESS WIRE)--June 28, 1999--

Arvida Realty Services, a business unit of The St. Joe Company (NYSE:JOE), announced today that it has formed a real estate alliance with Baigun Operaciones Inmobiliarias, a well established brokerage company in Buenos Aires, to further its residential and commercial business interests between Florida and Argentina.

Baigun Operaciones Inmobiliarias, which is owned and operated by the Baigun family, has been in the real estate sales and development business for over 40 years. Headquartered on Santa Fe Avenue in Buenos Aires, the company specializes in residential and commercial sales and leasing, as well ...

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