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Amount of Manhattan’s distressed real estate assets falls

Posted on 15 August 2011

Manhattan real estate—a poster child of the excess that led to the last downturn—appears oddly sturdy, despite last week’s turmoil.

The boroughs commercial real estate market, which many feared would enter a prolonged depression following the collapse of Lehman Brothers, recently passed a key milestone: The total dollar amount of assets classified as distressed has been cut in half……………………………………….Full Article: Source

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