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Real Estate

PHH to Cut Costs by 50 million in 2007, Job Cuts Likely

PHH in Mount Laurel, a provider of fleet-management and mortgage services, said job cuts in its mortgage-production and mortgage-servicing division will help the company save about $50 million in 2007. In addition to cutting jobs, the company said it will reduce its spending on Internet technology and outsourced

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PREI Goes To India

Prudential Real Estate Investors (PREI) in Parsippany today said it is investing in Indian properties through Beekman Helix India Partners (BHI), a merchant bank based in McLean, Va. PREI has made three investments totaling $50 million so far in a program managed by BHI, which

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