Quote:
Originally Posted by POGO
Very doubtful Saca can find anyone to take out CalPers. More likely scenario is that CalPers forces Saca out and brings in a developer that can contribute equity in a big way and can get it done.
Maybe Lend Lease (Bovis' parent company)
How bout Rob McGuire (one of the former owners of the kings - Big LA developer)
Or Shorenstein from SF.
Trump? No way. This isn't even close to anything Trump would touch.
We don't even know if the project still pencils out at the prices that they have already sold units for. They may choose to put the whole project into bankruptcy, reject all the sales contracts and start over at higher prices. Not likely becuz they would piss off their existing customers who probably wouldn't buy again, but it is one option.
Anything could happen, but its not likely that Saca will continue without some major squeezedown of his equity share..
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Well according to Brandon's source CALPERS is out. So if he is right then what your saying is impossible, has already tooken place.
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