Last Updated: September 2, 2010 ET

Housing Developers Eagerly Await Large Land Auction

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AZUSA, CA-Housing developers eagerly await a land auction to be held on Thursday on a property in Azusa, California, to be foreclosed by the US Bank.

The US Bank plans to auction a large piece of the land in the Rosedale planned community near Los Angeles. The site, situated above the San Gabriel Valley, will hold more than 700 homes and is expected to fetch more than $70 million. For the full story, go to Wall Street Journal.

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