| From Bloomberg: U.S. real estate investment trusts plunged, led by New York City office landlords, amid signs the slowing economy is hurting demand for commercial leases.
The Bloomberg REIT Index closed down 10.64 points, or 6.5 percent, to 151.98 after falling as much as 13 percent today. New York City office landlords led the drop, with SL Green Realty Corp. falling as much as 22.5 percent before closing down $6.87, or 13 percent, at $46.88. Vornado Realty Trust dropped $8.12, or 10 percent, to $71.00, Boston Properties Inc. declined $6.52, or 7.8 percent, to $76.97 and Brookfield Properties Corp. fell to a five-year low before closing down 25 cents, or 2.2 percent, at $11.24..... Full Article: Source
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