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Bad News for 55 Laguna?

Oakland developer AF Evans Co. announced yesterday they'd be filing for bankruptcy protection. It's the usual suspects: housing prices, credit crunch, as yet unpaid debt. Somehow the news doesn't affect the company's development arm, which the SF Business Times says will continues looking for development opportunities. So what will become of the old UC Berkeley Extension site at 55 Laguna, which was supposed to turn into a big mixed-use paradise? [SF Business Times]