Press Release from SunCal regarding Oak Knoll, October 8, 2009


Oakland, Calif. (Oct. 8, 2009) – SunCal Companies today released the following statement regarding critical cleanup and maintenance issues at the Oak Knoll property in Oakland:

“We are pleased to announce that we have reached a stipulation with the project’s bankruptcy trustee and Lehman Brothers to effectively address some of the concerns about the site that are of an immediate nature. Contingent upon the court’s approval, the trustee has agreed to release funds for property-wide weed abatement, cleaning up wood piles and repairing of perimeter fences. In addition, there would be a team of armed security guards on duty 24 hours per day to help secure the property from trespassers.”

SunCal Oak Knoll Press Release.doc28.5 KB