Regulators to Sell Property: In one of...

Regulators to Sell Property: In one of the federal government’s largest real estate deals, regulators said they will sell a $428-million portfolio of property acquired through the bailout of insolvent thrifts in five states. L. William Seidman, chairman of the Federal Deposit Insurance Corp., announced the plan during a speech to Dallas real estate and financial executives. Of the 150 properties, 82 are in Texas and the rest are in California, Colorado, Arizona and Florida. He said regulators hoped to sell the real estate in one package but would sell it in pieces if necessary.