Boston Business Jounral - "Pulte tries foreclosure strategy to save development" (2-23-07)

" As a Fortune 150 company with over $14 billion in revenue, Pulte Homes Inc. isn't the type of developer that should have to default on a $7.3 million loan, even in a souring housing market. Still, Pulte did just that on Stonebridge Commons, an active adult community it's building in Hanson -- not for lack of funds, but simply because the company decided the 58 acres it bought in 2004 was no longer worth what it had paid. "