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Glenn Murphy, CEO of Gap Inc., in late August announced that his company will cut back on store openings and reduce its square footage by up to 15% over the next three years.

Lito Real Estate to delay filing second-quarter statement
Lito Real Estate admitted yesterday that its second-quarter financial reports will be delayed, after Latvian accountants demanded a fresh evaluation of the company’s assets there.

Oriole Homes falls victim to real estate downturn (Update)
Oriole Home Corp., a 45-year-old Boca Raton-based real estate developer, has filed an assignment for the benefit of creditors in Palm Beach County and plans to liquidate its assets, according to Phil von Kahle, managing director of Michael Moecker &

Lehman Has Plan for Real-Estate Loans
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ERA Real Estate Network Contributes $1.1 Million to Fight Muscular Dystrophy
PARSIPPANY, N.J. - (Business Wire) Representatives from ERA Franchise Systems LLC, based in Parsippany, N.J., presented checks totaling $1.1 million to the Muscular Dystrophy Association during its 43rd annual Jerry Lewis MDA Labor Day Telethon, Aug.

(Click to Enlarge) This fall, Duke Realty Corp. will begin construction of GE Aviations new 403,800-square-foo
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Xinyuan Real Estate Profit Sinks To $13M, Full Year Guidance Drops
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Real Estate Crisis Extends to Other US Sectors
Washington, Sep 2 (Prensa Latina) The real estate crisis in the United States that is mostly affecting the subprime mortgage sector is extending to other financial market sectors, Wall Street experts said on Tuesday.

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