Colleges take advantage of real estate bubble

Image:  A real estate bubble is enveloping many parts of the United States—and colleges are cashing in before it pops. Gwynedd Mercy University in Pennsylvania recently sold a 154-acre property for more than twice what it paid for the land three years ago. Last week, Southwestern University in Texas sold for tens of millions two properties that it has held since the 1930s. Gwynedd Mercy first bought the plot, located about 22 miles north of Philadelphia, from Merck & Co. pharmaceutical...