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NYC Commercial-Property Sales Top Transactions Last Year

New York City commercial-property sales this year already have exceeded deals for all of 2013 and are on pace to break the record set at the real estate market’s peak, Massey Knakal Realty Services said.

This year’s transactions have totaled $39.1 billion, compared with $38.4 billion for all of 2013, the New York-based brokerage said in a report today. It projected a citywide dollar volume of $63 billion for this year, higher than the $62.2 billion in 2007.