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Development execs selling stocks at record rate
Could it be a sign the boom times are about to go bust? Executives and directors from many of the nation’s largest development companies sold stock this summer at a record pace as much as 11 million shares so far this year, at a total value of $952 million. Some market analysts compare this stock selling with that of dot.com executives in the late 1990s, right before the tech bubble burst. more [NYT]