November 08, 2012 at 17:50 PM EST
Hurricane Sandy Hitting Manhattan Real Estate Values
Office building values in lower Manhattan are apt to suffer due to Superstorm Sandy damage that's left thousands of workers unable to return yet, real estate executives say. "I think there's been value erosion downtown," said Howard Lutnick, chairman and CEO of Cantor Fitzgerald and BGC Partners (BGCP), at a New York University Schack Institute of Real Estate conference Wednesday. "It had just started to come back. The concept now of fear of
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