CHAMPION HOME <CHB> SELLS TWO PROPERTIES Champion Home Builders Inc said it sold the Commerce Meadows 600-site manufactured housing rental community in Commerce Township, Michigan, for a pre-tax gain of about 900,000 dlrs and the Heron Cay 610-site adult community in Vero Beach, Florida, for a nominal pre-tax gain. The company said the sales proceeds will be partly used to reduce debt. It said it is shifting its focus away from the development of communities requiring significant equity and having lengthy projected life cycles. The company also said along with local landowners and investors, it will acquire 33-acre tract Northtowne Meadows in the Toledo, Ohio, area for development into 160 home sites and three acres of commercial land. Terms of the transactions and other parties involved were not disclosed.