The Real Deal New York

Contract doesn’t always mean sale 

August 06, 2008 08:05AM

During the credit crisis, having a building sale in contract isn’t always a sealed deal. Now, sellers may have multiple contracts out with different buyers for one building, in case the lender or buyer decides to pull out. The Forbes Building, American Stock Exchange Building and four remaining Equity Office Portfolio towers have all been on the market since early this year. 

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