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THE NEW YORK CITY MARKET GROWS HOTTER As The Rest of the Country Cools Down

As the &#8220sub-prime” mortgage shock ripples through the markets, reports continue to roll in confirming that real estate pricing and activity from Los Angeles to Tampa is cooling.
Surprisingly, not only has NYC stayed hot, but this market appears to be gaining momentum. The industrial real estate market, primarily situated in the boroughs of New York, has been historically an excellent indication of this market's health. The following are a sampling of property transactions and listings which confirm that the &#8220patient's temperature” is just fine!

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