The Real Deal New York

Ghost towers prevalent, The Real Deal says on Fox Business

June 15, 2009 11:57AM

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The Real Deal’s Deputy Editor Jill Gardiner appeared on Fox Business Friday to discuss the unfinished towers dotting New York City, a topic covered by reporter Sarah Ryley in the June issue of The Real Deal. Gardiner discussed the two problems driving the ghost tower phenomenon: lack of final construction financing and the disappearance of buyers for new condos. It’s also difficult for buyers to get mortgages, Gardiner said, in under construction buildings.

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