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Blackstone Said to Pay $5.3B for Stuyvesant Town

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Blackstone Group LP reached an agreement to buy New York’s Stuyvesant Town-Peter Cooper Village, a deal that would put Manhattan’s biggest apartment complex in the hands of the world’s largest private equity firm and maintain some affordable housing at the property. Bloomberg's Sarah Mulholland reports on the New York City real estate market. She speaks on "Bloomberg Markets." (Source: Bloomberg)...

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