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This new house, just after owned by Newhall House and Agriculture Co

This new house, just after owned by Newhall House and Agriculture Co The new California Public Employees' Old age Program, hence put regarding $step one mil toward a struggling home package, is actually dealings to save a connected financing default from turning into the a bankruptcy proceeding. CalPERS, the country's most significant personal your retirement fund, and its particular partners received a regulating need for fifteen,000 miles off undeveloped end in the latest Santa Clarita Valley early just last year, until the meltdown in the housing industry. , is appraised within $2.6 mil at the time of new CalPERS money however, enjoys dropped most within the worth since then. Trapped inside a recession, CalPERS and its people into the LandSource...

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