HENDERSON, NV-A legal battle launched by a consortium led by J.P. Morgan Chase may force the builders Toll Brothers Inc. and KB Home to purchase a large desert land located 10 miles from the Las Vegas Strip for about twice of its current price.

The builders formed a venture in 2004 to purchase land for the project called Inspirada in Henderson, Nevada. The builders are now claiming that the consortium cannot force them to purchase the land as the deals were signed with a separate firm, South Edge LLC. For the full story, go to Wall Street Journal.


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