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Loads Lust After Lehman Lots Builders, developers, and private equity investors are circling the knotted tangle of the largest bankruptcy case in U.S. history, looking to extract a portfolio of more than 43,000 lots of discounted residential land in California. "I think they have some of the best land in America" remaining for residential development, said Gadi Kauffman, CEO of Robert Charles Lesser and Co. The "they" is Lehman Brothers Holdings and SunCal Companies, which partnered in various ways to buy and develop nearly 26,000 acres stretching from San Francisco Bay nearly to San Diego. When Lehman filed for bankruptcy protection two years ago, most of the projects went with it.
More Today's News articles . . . Subscribe to this page to get the latest headlines. Pending Home Sales Pick Up BIG BUILDER News (September 02, 2010) Mortgage rates hit decades-low of 4.32 percent Associated Press/AP Online (September 02, 2010) Post Tax Credit, Hovnanian Loss Widens BIG BUILDER News (September 01, 2010) KB Says SEC Quits Accounting Probe BIG BUILDER News (September 01, 2010) Mortgage applications rise 2.7 pct on low rates Associated Press/AP Online (September 01, 2010) Construction activity declines 1 percent in July Associated Press/AP Online (September 01, 2010) July unemployment up in about half of US cities Associated Press/AP Online (September 01, 2010) Banks to allow local groups to buy foreclosures Associated Press/AP Online (September 01, 2010) Economic reports could push Fed to take further action USA TODAY (August 30, 2010) Home prices rise in 17 cities in June Associated Press/AP Online (August 31, 2010) A look at home prices in 20 US cities Associated Press/AP Online (August 31, 2010) Kitson Lands Prime Florida Dirt BIG BUILDER News (August 26, 2010) Former Beazer Accounting Chief Indicted BIG BUILDER News (August 26, 2010) Roofer registration law protects homeowners Tulsa World (August 25, 2010) New survey says Florida ranks third in households with money woes The Orlando Sentinel (August 26, 2010) One in 10 with a mortgage face foreclosure Associated Press/AP Online (August 26, 2010) Toll's Yearley Accentuates the Positive BIG BUILDER News (August 25, 2010) Toll Returns to Profitability BIG BUILDER News (August 25, 2010) July new home sales fall to slowest pace on record Associated Press/AP Online (August 25, 2010) Re-defaults on modified mortgage loans falling Associated Press/AP Online (August 24, 2010) World markets sink amid global recovery fears Associated Press/AP Online (August 24, 2010) Toll To Step Up Wednesday on Q3 Earnings BIG BUILDER News (August 23, 2010) House Buyers Stung - NY Tops Closing Fees The New York Post (August 21, 2010) Housing fades as an investment United Press International (August 23, 2010) AIG repaying nearly $4 billion in federal loans Associated Press/AP Online (August 23, 2010) Foreclosures predicted to beat last year's record setting number The Daily News (August 23, 2010) The Week Ahead: Price data to offer gauge of housing market The Miami Herald (August 20, 2010) Fidelity: 401(k) hardship withdrawals, loans up Associated Press/AP Online (August 20, 2010) Paulson Unit Wins TOUSA Auction BIG BUILDER News (August 23, 2010) Average mortgage rates hit low of 4.42 percent Associated Press/AP Online (August 19, 2010)

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