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SL Green Posts Loss But Sees New York Office Market ‘Coming Around’

SL Green Realty, Manhattan’s largest office landlord, counts One Madison Avenue among its development properties. (Andria Cheng/CoStar)

SL Green Realty swung to a first-quarter loss from a profit a year earlier after its interest rate expenses almost tripled and office occupancy rate declined. The results, reported this week, are among the latest examples of how high interest rates and economic worries are seizing real estate market activity in New York.

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