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ALBUQUERQUE-The 55,000-acre housing development project of Irvine-based SunCal Cos. no longer faces bankruptcy problems. However, the property’s developer continues to face a tough battle to hold on to the management role or ownership stake in the proposed project.

Barclays Capital Real Estate Inc., the main lender to the project, is pushing for SunCal’s removal by putting the Albuquerque land up for sale. However, Barclays Capital is yet to initiate any action to complete the project’s foreclosure process. For the full story, go to Orange County Business Journal.


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