IT TAKES
A VILLAGE
Candidates to Return Checks From SunCal Affiliate Argent Management LLC
Action Alameda News October 18th, 2010
Bruce Elieff and Associates
President at Suncal Companies
Member at Fullerton Hughes LLC
President at Tdv Development Corporation
President at Scc Acquisitions, Inc.
Member at Diamond Hills Ranch Partners, Ltd., A California Limited Partner Ship
Member at Sjd Partners, Ltd., A California Limited Partnership
Member at Moorpark Equity Partners, Ltd., A California Limited Partnership
President at Sun-Cal Investment Co.
President at Brookshire Financial
President at Aristocrat Homes Inc.
Member at Chino Hills Group A California Limited Partnership
Member at Brea-Olinda Venture, LLC
CHIEF EXECUTIVE OFFICER at Westland Devco LLC
President at Scd Holdings
Principal at SC7 Realty, Inc.
President at Dhrp, Inc. President at Cev, Inc.
President at Castaic Development Corporation
President at Sjd Development Corp.
President at Ucp, Inc.
President at Shd - 1400, Inc.
President at High Desert Associates, Inc.
President at SC7 Realty, Inc.
President at Wdc Development Properties, Inc.
Member at Fairways at Deer Creek, LLC
Member at Suncal Weston Mandalay LLC
"CEO and son of the founder of SunCal Companies, a real estate communities developer.
Bruce and Stephan, built the company into the largest landowner in the Western U.S., with assets valued at about $4 billion during the real-estate boom. Bruce, the company's chief executive, had a personal fortune estimated at about $300 million in 2007. SunCal has shrunk from about 500 to 100 employees, closed several divisions and sold its corporate jet.
SunCal still is suffering a big hangover from the go-go years. It is battling in bankruptcy court with the Lehman estate over more than 20 poorly timed California land deals. The failed investment bank had invested more than $2.2 billion into SunCal deals.
In a worst-case scenario in bankruptcy court, SunCal faces more than just the loss of the land. Bruce Elieff has signed about $230 million in bond guarantees that could be enforced if Lehman gains control of the projects."
Bruce Elieff