REAL ESTATE: Double Play

In their day, the Chicago Cubs trio of Tinker, Evers & Chance pulled the most famed double-plays in baseball. But last week the New York Yankees closed a real-estate deal that was even harder to follow. Yankee Owners Dan Topping and Del Webb sold Yankee Stadium (but not the ball club) for $3,600,000 in cash, and took back a $2,900,000 mortgage and a long-term lease. The buyer: a syndicate headed by Chicago Investor Arnold Johnson, 46, vice chairman of Automatic Canteen Co. of America (of which Topping is also a director) and director of the Chicago Black Hawks hockey...

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