Gulfnews.com reports (5/30) that New York City real estate investors hope to recreate the kinds of gains realized by Asian and Middle East SWFs during their recent investment period in New York City’s big banks following the subprime losses by investing in ME real estate on the cheap. The GM Building in NYC is in play among ME investors. American RE investors are hoping to nab opportunities in the ME to counter the tumultuous returns in American RE markets.

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