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Rhode Island pension fund acquires vacant Providence building.
From:
Providence Journal (Providence, RI)
| Date:
September 28, 2005
| COPYRIGHT 2005 Providence Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Byline: Andrea L. Stape
Sep. 28--BOSTON -- The Rhode Island pension fund yesterday began weighing options for disposing of a vacant downtown Providence office building, including selling it to the state at the request of the General Assembly's leaders.
The pension fund will take ownership of the property -- known as the American Express building -- based on a court order entered yesterday in U.S. Bankruptcy Court in Boston. The pension fund, though, does not want the building and is talking with more than one group interested in buying the property, said William R. ...
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