Last Updated: January 25, 2012 02:58pm ET
NY LAW JOURNAL

Condo Developer Must Return $16M

NEW YORK CITY-A Manhattan developer has been ordered to return $16 million in down payments he received, after he claimed his attorney botched the date on the offering plan.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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