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NYC commercial-property dollar volume fell in third quarter

Posted on 19 October 2011

The dollar volume of New York City commercial-property sales fell 25 percent in the third quarter from a three-year high, Massey Knakal Realty Services said.
Deals totaled about $6.5 billion in the three months through September, down from $8.7 billion in the second quarter, according to a report by the brokerage. The report included transactions for offices, apartment buildings, hotels, retail properties and development sites across the five boroughs……………………………………….Full Article: Source


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