Who's Lending To Whom In Manhattan—And Why (The New York Observer)

Story date: 2008-06-24 04:17:55
Added on: 2008-06-24 17:00:15

Manhattan property investors are in a funk. Their friends at the investment banks have empty pockets or fresh pink slips. Financing for large deals is scarce. And industry heavyweights are for once publicly bearish. Peter DeCheser , managing director of capital markets for Jones Lang LaSalle , said using the word “somber” to describe the mood “might be euphemistic.” “We’re in ...


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