Wall Street Ripple: Lehman Failure Hits East Bay: And so it begins continues. Real…

And so it begins continues. Real estate developer SunCal was in the middle of demolishing old structures above East Oakland in preparation for the huge new Oak Knoll project -- in partnership with major investor (and major screw-ups) Lehman Brothers. Now that Lehman's gone down, the project is on hold indefinitely. You didn't really want those 960 housing units and 30,000 square feet of retail anyway, right Oaktown? [SF Gate] For more stories from Curbed SF, go to sf.curbed.com.

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