ST. PETERSBURG, Fla. -- The Florida Federal Savings and Loan Association says it will take an $8 million to $10 million loss for the first three months of 1985, primarily as the result of writedowns on joint real estate ventures.
The surprise announcement Tuesday came only two months after company chairman Raleigh W. Greene Jr. predicted that Florida Federal would significantly improve earnings during the first six months of 1985.
In a prepared release, the thrift said it would take a $4 million to $6 million loss as a result of writedowns on six joint ventures it entered in the late 1970s and early 1980s. The company said it would try to sell all of its …
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