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Ground Rents Weigh Down High-Soaring Icons

Real Estate

Ground Rents Weigh Down High-Soaring Icons

The Wall Street Journal. - Keiko Morris

The allure of owning an iconic building gets more complicated when the ground beneath it belongs to someone else. Investors that control some of the choicest buildings in New York, San Francisco, Washington, D.C., and other major U.S. cities are grappling with the consequences of agreements made …

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