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New York City's CRE market posts 70% increase in sales for Q1

New York City's commercial property sales rose 70% year over year in the first quarter, reaching $12.42 billion, with deals in Manhattan more than doubling to $8.9 billion, Cushman & Wakefield says. "2018's first-quarter activity has showcased a well-balanced offense with several individual transactions contributing to the overall return of confidence and healthy transaction levels," said C&W's Douglas Harmon.

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