COMPANY TOWN ANNEX
<i> Times Staff and Wire Reports</i>
Westinghouse Selling Unit: Westinghouse Electric Corp., in need of cash to finance a widely expected $5-billion takeover of CBS Inc., agreed to sell its real estate unit for $556 million. The deal was announced as meetings between representatives of Westinghouse and CBS continued in New York. Westinghouse said it is selling Westinghouse Communities Inc., which develops and manages luxury residential communities in Florida, California and Arizona, to a newly formed limited partnership called WCI Communities.
