Office Owners Dump Lesser Buildings for Whatever They Can Get

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Office Owners Dump Lesser Buildings for Whatever They Can Get
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Some of New York’s best known real-estate developers are unloading their least viable office buildings at deep discounts, cracking open a sales market that had all but closed in the first quarter

Blackstone’s recent sale of a stake in One Liberty Plaza valued the tower at $1 billion, much below the 2017 value of $1.5 billion.

Some of New York’s best known real-estate developers are unloading their least viable office buildings at deep discounts,Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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