BUSINESS
May 10, 2008 | Andrea Chang, Times Staff Writer
LandSource Communities Development, the land development company that owns Newhall Land & Farming Co., has defaulted on a $1.1-billion loan but is working with lenders to restructure the terms, a company spokeswoman said Friday. LandSource declined to disclose the amount of default, but a bankruptcy filing could put building plans for the massive 21,000-home Newhall Ranch community near Santa Clarita in jeopardy. "LandSource is still in discussion with the lenders on trying to find a way that they mutually can agree on how to restructure the loan," said Tamara Taylor, a spokeswoman for LandSource.
NEWS
October 29, 1990 | From Associated Press
Republican Jon Grunseth dropped out of the Minnesota governor's race Sunday, after publication of a woman's claim that she had an affair with him while he was married and other reports that he tried to get teen-age girls to swim nude with him in 1981. "There are three things that are extremely important to me--my wife, my family, first and foremost; the Republican Party, the people of Minnesota," Grunseth said from his home 20 miles east of Minneapolis.
ENTERTAINMENT
September 27, 2005 | Paul Brownfield, Times Staff Writer
The new UPN nighttime soap "Sex, Love & Secrets" opens in Silver Lake, but then suddenly you're being whisked back to the dawn of time. The screen goes all National Geographic as a narrator who sounds suspiciously like the narrator of "Desperate Housewives" is all " ... yet unlike other animals, the forming of human groups spawns unique human behaviors ... " and "one such behavior is the keeping of secrets."
ENTERTAINMENT
August 28, 2006 | From Tribune Media Services
As Season 1 of the Fox drama "Bones" concluded last spring, forensic anthropologist Dr. Temperance "Bones" Brennan (Emily Deschanel) discovered that her long-missing parents were not who she believed they were; that her name was actually Joy Keenan; that her brother, Russ (Loren Dean), had long kept painful secrets; that her mother was, in fact, dead; and that her father was, in fact, not. As if all this weren't tangled enough, Season 2, which premieres at 8 p.m.
BUSINESS
June 10, 2008 | From Staff and Wire Reports
A California real estate partnership that the California Public Employees' Retirement System poured about $1 billion into has filed for Chapter 11 bankruptcy protection. LandSource Communities Development's assets include 15,000 acres of undeveloped land in the Santa Clarita Valley, among the largest land deals to falter amid the national housing glut. The land was appraised at $2.6 billion at the time of the CalPERS investment, but has dropped considerably in value since then.
ENTERTAINMENT
February 20, 1998 | KEVIN THOMAS, TIMES STAFF WRITER
"Senseless" is a terrific showcase for Marlon Wayans, a master at mugging and physical comedy. But it's lots more than that. It's a laff riot that also contains a torrent of scathing social satire that couldn't be more timely in light of the dismantling of affirmative action.