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UNITED KINGDOM | CHURCH |
The Church of England stands to lose about US$78 million in a New York real estate investment gone sour, reports Ecumenical News International. The Anglican church's investment was part of a record-setting $5.4 billion deal put together in 2006 by two New York-based firms to buy two massive apartment complexes in Manhattan, Religion News Service reports. After defaulting on loan payments, the firms will cede the downtown properties -- Stuyvesant Town and Peter Cooper Village - to its lenders.
TAGS: USA Church of England New York real estate deal Anglican church defaulting on loan payments © Reprint is allowed unless source hyperlink is not deleted
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Christian doctors search for God’s miracles around the world
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Brother YunLeader of house church in China 
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Ray Parascando, Pastor of Crossroads Church in Staten Island, N.Y.
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