Excerpt:
City Councilor Michael Cadigan, who has been an outspoken critic of SunCal, said Thursday the problems in other states show "a pattern of financial irresponsibility."
He said a half-finished development, regardless of whether the...
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Albuquerque Journal: SunCal Defaults on Loans
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Added: Mar 16, 2008 at 9:00 PM
San Clemente Times: Promises Broken The development at Marblehead Coastal is on hold as...
Excerpt:
Construction vehicles sit silently as
grass sprouts up on the dirt mounds
and graded building pads at Marblehead
Coastal. A bridge spanning one of the
canyons is unfinished, while a fence blocks
the project’s Avenida Pico...
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Added: Mar 5, 2008 at 9:00 PM
Orange County Register: Builder SunCal accused of failing to pay bills, complete...
Excerpt:
Troubles are mounting for the Irvine-based developer that lost a battle last fall with the Walt Disney Co. over a proposed residential project in Anaheim’s resort district, then lost the land planned for the development.
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Added: Mar 5, 2008 at 10:58 AM
Orange County Register: San Clemente ready to sue developer SunCal
Excerpt:
There appears to be movement at the 248-acre Marblehead Coastal construction site after the city's elected leaders announced Tuesday they will sue the master developer to demand completion of promised parks, roads and other site...
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Added: Mar 4, 2008 at 9:00 PM
Orange County Register: Woes mount for SunCal
Excerpt:
Irvine-based land developer faces rising claims from contractors, suppliers and lenders.
Troubles are mounting for the Irvine-based developer that lost a battle last fall with the Walt Disney Co. over a proposed residential...
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Added: Mar 4, 2008 at 9:00 PM
Orange County Registrar: SunCal responds to questions about unpaid debts
Excerpt:
David Soyka, SunCal senior vice president of public affairs, recently provided the following written answers to Register questions about the company and its recent problems.
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Added: Mar 3, 2008 at 9:00 PM
SF Business Times: Alameda Hospital seeks partnership with VA
Excerpt:
Alameda Hospital will begin treating patients receiving their benefits through the Veterans Health Administration starting Feb. 11 as part of a plan to get out of debt.
The 135-bed public district hospital is also in very early...
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Added: Feb 2, 2008 at 12:17 PM
San Francisco Business Times: SunCal rolls $200M dice on Oak Knoll hospital site
Excerpt:
Demolition has begun on SunCal Cos.' first Bay Area project, a $200 million gamble on Oakland's former Oak Knoll Naval Hospital. But a steep acquisition price, rising construction costs and a battered housing market leave the...
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Added: Nov 22, 2007 at 9:00 PM
VV Daily Press (Victorville): City still waiting for Majestic Hills plan
Excerpt:
The specific plan for a 4,200-home community in Summit Valley still has not been submitted to the city, several months after the company behind the project estimated it would be drawn up in July.
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Added: Nov 20, 2007 at 1:26 PM
Alameda Sun: Navy Estimates 10 years, Half Billion for Clean Up
Excerpt:
It will cost taxpayers a total of $435.8 million to clean up the former Naval Air Station Alameda by the time work is completed a decade from now, according to the most recent government estimates.
"The cost spent to date on...
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Added: Oct 18, 2007 at 9:00 PM