NYC retail real estate will fall again in 2009:

01/14/2009 | NYTimes.com

New York City is likely to see more retail store closings this year, according to brokers and analysts. Despite the slip, the Manhattan retail real estate market should outpace the national market. "The national retail scene is a mess, and it is going to impact us," said Gene P. Spiegelman, an executive director in Cushman & Wakefield's retail services group

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