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THE COMMERCIAL real estate market got some rare good news in the past two weeks when agreements were struck to sell three Manhattan office towers. But experts say it may be too early to talk about the beginning of a big rebound in the market.
"The lack of [available credit] is a major obstacle," says Jonathan Caplan, an executive vice president at Cushman & Wakefield Inc. "But there also aren't that many properties for sale."
In the first five months of this...