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	<title>Contracts Blog &#187; real estate</title>
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		<title>Death of Suburbia</title>
		<link>http://www2.onecle.com/blog/archives/2008/01/25/death-of-suburbia/</link>
		<comments>http://www2.onecle.com/blog/archives/2008/01/25/death-of-suburbia/#comments</comments>
		<pubDate>Fri, 25 Jan 2008 19:07:08 +0000</pubDate>
		<dc:creator>Ken Chan</dc:creator>
				<category><![CDATA[ipo]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[construction]]></category>
		<category><![CDATA[levitt]]></category>
		<category><![CDATA[real estate]]></category>

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		<description><![CDATA[Levittown was the first mass-produced suburb and built by Levitt &#38; Sons, Inc.  Last November, the builder, a victim of the real estate downturn, declared bankruptcy, laid off its employees, and left a line of homebuyers in limbo. Levitt Corp. contracts have been added.
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			<content:encoded><![CDATA[<p></p><p><a href="http://en.wikipedia.org/wiki/Levittown,_New_York">Levittown</a> was the first mass-produced suburb and built by Levitt &amp; Sons, Inc.  Last November, the builder, a victim of the real estate downturn, <a href="http://www.nytimes.com/2008/01/03/business/03abandon.html?ex=1357102800&amp;en=01dff831d30adce6&amp;ei=5124&amp;partner=permalink&amp;exprod=permalink">declared bankruptcy</a>, laid off its employees, and left a line of homebuyers in limbo. <a href="http://contracts.onecle.com/alpha/7947.shtml">Levitt Corp. contracts</a> have been added.</p>
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