Long Island Office Sales Dry Up

Summary


Sales of office buildings on Long Island dropped dramatically in 2008, according to numbers from LoopNet.com.

About $525 million worth of office properties, each valued at more than $2.5 million, was sold in Nassau and Suffolk counties last year. That's down 71 percent from the $1.83 billion in office buildings sold in 2007.

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Extract


Long Island Office Sales Dry Up

The good news was the...

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