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While the “intrinsic value of New York is high,” low interest rates may be helping to hold up property prices, said Richard LeFrak, chairman and CEO of the LeFrak Organization Inc.

Photographer: Victor J. Blue/Bloomberg

While the “intrinsic value of New York is high,” low interest rates may be helping to hold up property prices, said Richard LeFrak, chairman and CEO of the LeFrak Organization Inc.
November 13, 2012
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