China Development Bank is in talks with Lennar (LEN) over a $1.7B loan - which would mark one of...

|About: Lennar Corporation (LEN)|By:, SA News Editor

China Development Bank is in talks with Lennar (LEN) over a $1.7B loan - which would mark one of the largest U.S.-China real estate funding projects to date (Most similar Chinese state investments in have been in developing countries). The funds breathe new life into two delayed San Francisco projects to transform former naval bases into nearly 20,000 new housing units that might otherwise not get done. LEN +0.5% AH. (earnings preview)