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Real Estate News: Hard "Times"

March 16, 2009

It may be a historical and architectural landmark, but the former New York Times building at 229 West 43rd Street isn't immune to the down real estate market. The iconic Times Square building has reportedly lost more than $380 million in value since it was purchased by Africa Israel Investments Ltd. for $525 million in 2007. Find more real estate news and trends at LXTV.