A trio of properties run by Irvine-based master developer SunCal Cos. could soon be put up for sale at a fraction of their former value, following a recent decision in Santa Ana's federal bankruptcy court, the Wall Street Journal reports. A local bankruptcy judge ruled last week that Chapter 11 trustee Alfred Siegel can make plans to sell the stalled 6,000 home McAllister Ranch development near Bakersfield, as well as two unfinished projects in Riverside County, McSweeny Farms and SummerWind Ranch. The three SunCal projects total more than 3,500 acres, and have been operating out of bankruptcy protection for more than two years. The projects have more than $300 million in debt tied to them. They were initially financed in part through New York's Lehman Brothers Holdings Inc., which is pushing for a court-overseen sale. Lehman, which itself is in bankruptcy, and other first-lien lenders are owed $230 million, according to court documents.