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Ariz. Developer Seeks Ch. 11 In Face Of $90M Foreclosure

By Steven Melendez (March 14, 2012, 10:02 PM EDT) -- Granite Dells Ranch Holdings LLC filed for Chapter 11 protection Tuesday, a week after a creditor foreclosing on an $90 million secured loan backed by 15,000 acres of Arizona land sued Granite Dells seeking the appointment of a receiver....

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