Excerpt:
Former principals of SunCal, the large-scale private developer whose failed project partnerships with bankrupt Lehman Brothers have grabbed headlines since the financial company imploded in 2008, have hung out their shingle on a...
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Big Builder News: Ex-SunCal Execs Begin Anew [Argent Management], October 14, 2010
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Added: Oct 16, 2010 at 10:52 AM
The Island: Decision 2010: Making the Point [Candidate Positions], October 14, 2010
Excerpt:
Now that SunCal’s gone (and candidates for mayor and City Council are universally scrambling to hoist the drawbridges so the developer never returns), the future of Alameda Point has emerged as a top issue in the upcoming mayoral...
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Added: Oct 14, 2010 at 5:37 AM
San Francisco Chronicle: Alameda Point, Alameda, October 13, 2010
Excerpt:
Jets once roared down the runways of the Alameda Naval Air Station, once located on the western side of this island city. Decommissioned in 1997 and renamed Alameda Point, its vast stretches of land contain an appealing mix of...
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Added: Oct 13, 2010 at 4:24 PM
East Bay Express: Development at the Point Divides Candidates in Alameda, October 13,...
Excerpt:
Voters are most likely interested in how mayoral and council candidates would seek to redevelop Alameda Point now that city leaders have sent the developer SunCal packing. And while the candidates have universally denounced the...
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Added: Oct 13, 2010 at 1:28 PM
Wall Street Journal: D.E. Shaw Land Bet Proves a Quant's Quagmire, October 13, 2010
Excerpt:
Known for its obsession with computer-driven investing, the New York company surprised many real-estate deal makers in late 2006 by teaming up with developer SunCal Cos. to buy the 55,000-acre property—twice the size of Boston—for...
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Added: Oct 12, 2010 at 7:36 PM
San Francisco Chronicle: Matier & Ross: Back with a vengeance [SunCal], October 11...
Excerpt:
Back with a vengeance: SunCal, the Irvine developer whose bid to build out the old Alameda Naval Air Station site was rejected by the City Council, has fired back by sending out thousands of mailers accusing the town's acting city...
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Added: Oct 11, 2010 at 7:34 AM
San Clemente Times: SunCal CEO Facing Possible $230 Million Hit, October 7, 2010
Excerpt:
There’s a big reason why the 248-acre oceanfront property known as Marblehead Coastal has stalled in its completion, and it has to do with its property owner SunCal.
Bruce Elieff, chief executive of SunCal Cos., a large, closely...
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Added: Oct 7, 2010 at 5:02 PM
The Island: City officials restart planning process for Point, October 7, 2010
Excerpt:
City officials have restarted the process for redeveloping Alameda Point, setting a series of meetings with community members, the city’s advisory bodies, developers and existing Point tenants in the hopes that a loose plan can be...
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Added: Oct 7, 2010 at 5:35 AM
The Island: Decision 2010: D-Day, October 6, 2010
Excerpt:
The big news right now is a press conference city councilman and mayoral candidate Frank Matarrese held on the steps of City Hall on Tuesday. A few weeks back, Matarrese was the subject of a nasty four-question robocall that asked...
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Added: Oct 6, 2010 at 5:41 AM
Bloomberg BusinessWeek: Claim Jumper, Lehman, DBSD, QOC, Visteon: Bankruptcy, October 4...
Excerpt:
SunCal and Lehman File Dueling Chapter 11 Plans
SunCal Cos., a California developer, filed a Chapter 11 plan on Sept. 30 alongside a competing plan by affiliates of Lehman Brothers Holdings Inc., which are part-owners and...
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Added: Oct 4, 2010 at 6:17 AM