Long Island Real Estate Developer Reaps Benefit of Banking Mergers and Acquisitions

Summary

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Ask most bankers and they'll tell you that consolidation in their industry has created opportunities as well as challenges. But they aren't the only ones benefiting from mergers and acquisitions. Real estate developers - especially those who act quickly and decisively - are reaping benefits too.

That was certainly the case when Bank of America took over FleetBoston Bank last year, creating a major opportunity for Reckson Associates Realty Corp.

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Extract

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Long Island Real Estate Developer Reaps Benefit of Banking Mergers and Acquisitions

BofA wanted many of Fleet's assets, but it didn't want to own the Fleet building, a shiny glass and st...

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