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New York City commercial-property sales to rise in ’12, Massey Knakal says

Posted on 18 January 2012

Sales of commercial properties in New York City are likely to be “way up” this year from 2011’s $25.6 billion, as the market rebounds from the financial crisis, executives from Massey Knakal Realty Services said.
The brokerage, which specializes in New York-area investment transactions, projected a 60 percent to 75 percent increase in sales volume to $41 billion to $45 billion. The seven-year average is $30 billion, the Manhattan-based firm said………………………………………..Full Article: Source


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