ORANGE COUNTY, CA-A unit of State Street Corp., Boston-based State Street Bank & Trust Co., and a group of investors will pump $400 million to Heritage Fields at El Toro, a $1.4 billion community project in Irvine, California. Five Point Communities Inc., owned by Lennar Corp., is developing the project.
The company had invested over $1.3 billion in the development in 2010 and needed nearly $400 million to get the project going on the former naval air base site. For the full story, go to Wall Street Journal.
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