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Homebuilder revisits California project

Jacob Adelman AP Writer Los Angeles — Homebuilder Lennar Corp. is pitching a plan to resolve the bankruptcy of the 21,000-home Newhall Ranch project, which is on the last major tract of undeveloped land in Los Angeles County. Lennar, a former co-owner of the project, sold most of its 50 percent stake for $660 million at the peak ...

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