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California's Baldwin Co. Puts Bankrupt Homebuilding Unit Up for Sale.(Originated from The Orange County Register, Calif.)

Knight Ridder/Tribune Business News,  February, 1996  by Sanders, Edmund

Tags: Orange PCS

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Feb. 29--Baldwin Co. officially put its bankrupt homebuilding unit up for sale and expects to begin collecting offers for all or part of the company next week, an attorney said Wednesday.

The Newport Beach homebuilder -- working in a tenuous partnership with lenders and creditors -- has opened a "war room" at its accounting firm E&Y Kenneth Leventhal to allow potential bidders to review the company's 18 construction projects and more than 5,000 acres of land throughout Southern California.

Among the holdings are several hundred home lots in Anaheim Hills and Portola ...

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