January 28, 2010

Church of England loses $78 million in N.Y. real estate deal

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(RNS) The Church of England will lose about $78 million in a New York real estate investment gone sour, according to Episcopal News Service. The Anglican church’s investment was part of a record-setting $5.4 billion deal put together in 2006 by two New York-based firms to buy two massive apartment complexes in Manhattan. After defaulting […]

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