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Conversions of the Future?

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Forbes is vacating its office building at 90 Fifth Avenue, likely to make way for the building's sale, which could fetch up to $100M. RFR Realty owns the debt-ridden building (it made the Real Deal's top 10 list of NYC's most distressed buildings), and sources told Crain's that it could be converted into condos. But there's also a lot of demand from tech and creative companies for south-of-Midtown office space, so really, it could go either way. [Crain's via The Real Deal]