Source: International Business Times
For decades, New York carried an almost mythic status in global finance, a city whose skyline symbolized ambition, power, and permanence. Edward L. Shugrue III, Managing Director at RiverPark Funds and portfolio manager of the RiverPark Floating Rate CMBS Fund, believes the latest chapter in Manhattan's office market reveals something even more consequential: the emergence of a modern economic engine powered by institutional conviction, premier real estate, and the accelerating influence of artificial intelligence.
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