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Ground Rents Weigh Down High-Soaring Icons

Ground Rents Weigh Down High-Soaring Icons

The Wall Street Journal. - Keiko Morris

Leases signed long ago are causing challenges for building owners as rents reset 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 …

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