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Article: Association Center is a model for the future. (office building leasing in 120 Wall Street, New York)(Annual Review and Forecast, section 2)
- Article from:
- Real Estate Weekly
- Article date:
- January 28, 1998
- Author:
CopyrightCOPYRIGHT 1998 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The successful 100 percent leasing of 120 Wall Street stands as a testament of how a community benefits when public and private sectors come together in a joint partnership.
Faced with the loss of thousands of jobs in the not-for-profit industry, New York City's Economic Development Corporation (EDC) teamed up with our company in 1992 to help stem the exodus of nationally based not-for-profits from leaving Manhattan and save the spin-off effect of those organizations on New York City's economy.
Thanks to special incentives from the EDC and the designation of 120 Wall Street as "The Association Center," subsidized rents to qualified tenants were made available ...
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... ... here seem to fear, is Wall Street simply in the early ... water torture", as the New York Times put it this week ... make matters worse, Wall Street is already experiencing ... mechanism that has allowed Wall Street to recover from each ...
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