Last Updated: May 8, 2009 11:55pm ET

Manhattan Retail Rents See First Drop Since 2001

By Paul Bubny

NEW YORK CITY-The six-month decline of 11% in asking rents is a correction after last fall’s all-time high, says REBNY’s retail committee.

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BofA Reevaluates US Real Estate Portfolio

NEW YORK CITY-The investment bank would only save One Bryant Park in Manhattan and Bank of America Corporate Center in Charlotte, media reports show.

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