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This month in real estate history

From the July issue: Real estate developer Donald Trump sold the iconic Plaza Hotel for $325 million 18 years ago this month. The sales price represented a major loss for Trump and his investors, who purchased the property seven years earlier for $400 million.

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Trump (who is also featured in a profile this month) acquired the hotel during the upswing in the real estate market, and launched a program to rehabilitate the 20-story building and its more than 800 rooms. [more]

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