The state's Urban Development Corp . will sell $ 596 million in revenue bonds in a negotiated sale managed by PaineWebber Inc.
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In negotiated sales, the New York State Dormitory Authority sold $ 260 million in revenue bonds for New York City's Montefiore Medical Center.
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But the firm would still stand to lose money if it were forced into a two year hiatus from participating in negotiated sales.
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Yields on many of the negotiated sales had to be raised after investors demand higher returns following today's slump in benchmark Treasury bonds.
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He said he assumed that Hawthorne would now list the property with a residential real estate broker and conduct a normal, negotiated sale.
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Energy Secretary Francisco Viray said officials are meeting to set the details of the sale, through either another bidding or a negotiated sale.
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Agriculture Undersecretary Joemari Gerochi said government remained hopeful it could still dispose of these assets through a public auction instead of a negotiated sale.
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New York City's Metropolitan Transportation Authority leads next week's new tax-exempt debt sales with a negotiated sale of $ 383 million in revenue bonds.
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Detroit saw strong demand for its sale of $ 288 million in sewer revenue bonds through a negotiated sale managed by Merrill Lynch & Co.
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In today's largest sale, the California School Cash Reserve Authority sold $ 70 million revenue notes in a negotiated sale managed by Piper Jaffray Inc.