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Real Estate 2001

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I Know What You Paid Last Summer
BY CARL SWANSON
The boom is over, having created new neighborhoods, new fortunes, a whole new city. So what are the new rules of real estate? Ask your broker. Then ask yourself if you believe her.

Luxury Lemons?
BY SARAH BERNARD
The brochures and CD-roms promised old-world splendor and high-tech ease. But the buyers of some of the boom's most visible developments say: Promises made weren't promises kept.

Chicago Hope
BY SARAH BERNARD
The Towers, on Central Park West at 105th Street, has long been one of the city's spookiest ruins. But developer Dan McLean thinks that when his renovation is done, affluent New Yorkers will flock to it, as they once flocked to the Dakota. Is he crazy? Maybe, maybe not. But he is from Chicago.


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