In Florida, New Condos on the Block
Once viewed primarily as a means to sell foreclosed properties, auctions are increasingly being used to jump-start sales in new developments. travel.nytimes.com |
Ericsson Bid Wins Nortel Wireless Unit
A bid of $1.1 billion knocks out an earlier offer from Nokia Siemens for the most valuable unit of Nortel, which is in bankruptcy. nytimes.com |
In Jersey City, Jump-Starting Condo Sales
The first units at the Saffron, a nearly complete 76-unit condominium complex in Jersey City, will be auctioned off before the grand opening. nytimes.com |
For Old Masters, It's Dealers' Choice
While auction houses have struggled to find a good inventory of Old Masters, art dealers in London are currently offering a wealth of high quality work. nytimes.com |
Treasury Auctions Set for This Week
The following tax-exempt fixed-income issues are scheduled for pricing this week. nytimes.com |