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Landlords cash out amid Manhattan property boom

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Published Sun, Aug 23, 2015 · 09:50 PM

    New York

    MANHATTAN property owners are cashing out ahead of schedule.

    With New York real estate values and rents surging, owners of commercial properties acquired as recently as a year ago are already seeking buyers. In the case of one Midtown site, the developer scrapped construction plans to sell an empty plot of land.

    Real estateNew York

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