SunCal defaults on yet another massive real estate project

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Admin

– May 5, 2008Posted in: Classic Juice 1

Suncal, a developer that once hired Red County blogger Matt/Jubal Cunningham to promote a project in Anaheim, has “defaulted on a $235 million loan borrowed against Bakersfield

About Admin

"Admin" is just editors Vern Nelson, Greg Diamond, or Ryan Cantor sharing something that they mostly didn't write themselves, but think you should see. Before December 2010, "Admin" may have been former blog owner Art Pedroza.

3 Comments

1. Reply

   Anonymous

   Posted May 5, 2008 at 1:52 PM

   The economy is particularly hard hit in Hawaii, too. Don’t expect too much of that Number One Broadway project. I’ll just bet you that Mike Harrah is facing some pretty tough economic choices between all his johnny-come-lately projects in real estate.

   I think the least that Mike could do is to get that poor historic home moved and at least closed back up to keep the weather and rodents out. I think he owes the city that much. Or that little, depending on your pov.

2. Reply

   Anonymous

   Posted May 5, 2008 at 3:25 PM

   Yeah, we’re still waiting for that Santa Ana condo tower you’ve been telling us about for the past year.

3. Reply

   Ron & Anna Winship

   Posted May 5, 2008 at 5:22 PM

   Don’t be looking for Mr. Harrah
   to be doing too much Public Service
   …right now.

   The good news is that it may take
   three or four more years for Mr.
   Harrah to get the money and the
   approvals to finally move forward
   in this type of economic environ.

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