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Office Space

The New York Mercantile Exchange building, a 16-story office building on the Hudson River, is up for grabs. The building's trading floors were once filled with energy and commodity traders, but since much trading is now electronic, Nymex's parent company CME wants to downsize. Bidding for the half-empty space will likely top out at $500/square foot because of vacancies in the neighboring World Trade Center and Brookfield Place. CME's real estate advisor Holly Duran Real Estate Partners hired Newmark Grubb Knight Frank to handle the sale. [NYP]