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Is Everything OK at Lennar?

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According to Sarah Phelan at the SFBG Politics Blog, Hunters Point megadeveloper Lennar is being accused of mucking about in Ponzi schemes and avoiding fuller disclosures of what's going on behind their "black box." When asked why Lennar now is suddenly ditching their joint ventures, which require less transparency, they pinned their decision on the market climate. Meanwhile, at Hunters Point, development rights have traded hands twice already, from one limited-liability company to the next— the insinuation being that "Lennar has run out of money." Trouble brewing? [SFBG Politics]