Wall StreetJournal

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The report says Centerline Chief Executive Marc Schnitzerconfirms that a deal could be struck as early as this quarter.Centerline's special-servicing unit has $6.2 billion of assetsunder management, the Journal says.

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Farkas and Island were most recently noted for doing businesswith Dubai World, partnering with that entity to acquire USproperty through its Istithmar World Capital investment arm. He hasreportedly since parted with that entity after the financialcollapse in Dubai.

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