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Pennsylvania officials added $5 million to a state aid program designed to help the unemployed avoid foreclosure, Gov. Rendell said yesterday at a Philadelphia financial counselling center.

Germany Launches Hypo Real Estate Takeover Bid
The German government on Thursday launched its effort to take full control of battered lender Hypo Real Estate Holding AG, making a voluntary takeover offer to shareholders. The government’s bank rescue fund offered euro1.

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Bank signs prelet at British Land?s Ropemaker
Bank of Tokyo has signed up for more than 220,000 sq ft at British Land?s Ropemaker scheme in the City of London, the biggest letting in the Square Mile for at least a year As tipped by Property Week on 24.10.

British Land in talks to sell half of Broadgate
British Land is in talks to sell half of its 2.5bn Broadgate office estate in the City of London to private equity investors as part of efforts to raise cash and rebalance its property portfolio.

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