by Calculated Risk on 11/07/2007 11:09:00 AM

From BuilderOnline: Lennar Suspends Sales at Two Major Projects

... Lennar has decided to temporarily stop taking orders at one of its largest and highest-profile projects in southern California - Central Park West in Irvine. The Miami-based builder has also postponed construction of two high-rise projects in Anaheim, known as A-Town Metro and A-Town Stadium.

Central Park West ... sprawling over four city blocks, was supposed to start moving in its first buyers last month. But company officials concluded that too much of the village was still under construction for early buyers to be able to fully appreciate its amenities and living environment. ... The builder has refunded earnest money to buyers who had already purchased homes there. For the time being, Lennar is keeping open Central Park West's sale office, which is across the street from the massive construction site.
emphasis added

This is a massive project in Orange County just off Jamboree southwest of the 405 (for those that know the area). Returning earnest money is a bad sign, and I wouldn't be surprised if the project is halted soon.