Gobbling up smaller firms
September 11, 2008 10:00AM
By Adam Piore
Bruce Mosler and Colin Dyer
From September the issue: In New York City, the frozen credit markets and subprime fallout are beginning to take a toll on commercial activity. Manhattan sales volume dropped by nearly 60 percent in the first half of 2008, compared to the same time last year. Meanwhile, as of the end of July, Manhattan leasing activity had fallen more than 10 percent compared to the same period last year.
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