Tough times not over yet in metro area.

Real Estate Weekly › February 24, 1993

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Tough times not over yet in metro area.

Although recent reports all point to a sustained recovery for the nation's economy, we in the real estate industry, particularly in the Greater New York Metro Area, will probably see more of the same tough conditions that were experienced in 1992.

Cash for new construction projects, loans, work letters and expansion will be scarce due to overly restrictive bank loans. The worsening crisis in...

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