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Ch-ch-ch Changes

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In the past few years, 45 Broad Street has had no discernible future; developer Kent Swig picked up the lot between Beaver Street and Exchange Place for $29 million in 2006, only to loose it in 2008's recession to Lehman (Swig and hotelier Robert DeNiro had planned to bring the Nobu Hotel and Residences to the lot.) LCOR picked it up for $14 million in 2012 and are bringing it back to the market any day now for a rumored whopping $110 million. If one thing's clear here, it's not the lot's future, but just how property values have rebounded in the past several years. [TRD; previously]