X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

IRVINE, CA-The CEO of SunCal Cos. Bruce Elieff is facing a debt as much as $230 million surety bonds with Lehman Brothers Holdings Inc. following the bankruptcy filing of the latter in 2008, which forced him to stop his 20 big residential projects.

The outcome of liquidation of Lehman Brothers assets will determine how much Elieff is liable to pay. Lehman Plans to use his personal guarantees to resolve the debt. However, Elieff is confident that the ruling will favor him. For the full story, go to Wall Street Journal.


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.