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Article: $6.6 billion real estate sold in Texas; New York, East coast buyers major players.
- Article from:
- PR Newswire
- Article date:
- January 18, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. 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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$6.6 BILLION REAL ESTATE SOLD IN TEXAS;
NEW YORK, EAST COAST BUYERS MAJOR PLAYERS
NEW YORK, Jan. 18 /PRNewswire/ -- New York investment groups have been on a buying binge in Texas, taking advantage of low real estate prices, a recovering economy and increasing revenues.
Houston-based Duddlesten Realty Advisors Inc., which provides acquisition, disposition, financial analysis and other services for clients including Chase Manhattan Bank, John Hancock Insurance, Merrill Lynch, Hubbard Inc. and Shearson-Lehman, has just issued its annual Forecast issue on transactions in Texas.
An estimated $6.6 billion of Texas real estate ...