SouFun Holdings Ltd.

This morning at U.S. Bankruptcy Court, Judge Cecelia Morris approved the sale of NYMA to the Research Center on Natural Conservation.

There was an undercurrent of optimism in US Bankruptcy Court yesterday. “It’s too soon to celebrate,” Steven Jurista admitted, “but we have a high bid and a credible back-up bid.”

SouFun Holdings Ltd., a company traded on the New York Stock Exchange, purchased NYMA this afternoon for $15.825 million. Earlier in the day the company’s stock had risen by seven percent.