"They do have some good developers - I have every confidence they are going to be creating a great product."

Eventually decisions will have to be made — by residents, elected officials, developers and planners — about what happens to this torched land.

Saturday to send a message to developers that Altadena is not for sale, said Melissa Michelson.

Soboroff, a real estate developer and longtime civic leader, will serve as chief recovery officer for the city.

Before the real estate crisis, it accounted for almost a third of China's economy - employing millions of people, from builders and developers to cement producers and interior designers.