Signs of improvement appeared at the end of the year, but 2009 will be remembered for its epic real estate downturn. In response to the maelstrom of hard times, many longtime industry veterans took the opportunity to scale back their activities rather than tackling what promise to be several more difficult years.
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From the archives: What’s next for NYC real estate?
A look at the players, business models and trends expected to shape the industry nearly a decade ago
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