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New York: Good year isn’t enough to save some office deals

Posted on 21 December 2010

From WSJ: This has been a good year for values in New York’s office building market. But the rising tide still hasn’t been enough to save the deals that were launched at the top of the market.
Consider losses suffered in two recent sales by British real estate firm Rock New York, founded by Paul Kemsley, which bought two New York office buildings in 2007 and 2008……………………………………….Full Article: Source


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