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What’s in a number?

Last month, Cleveland saw the sale of a 575,000 square foot downtown office building known as the Penton Media Building.  The building sold for $46.5 million or $81 per square foot and I've had at least a dozen people ask me what I thought about this number.  Since I've answered this several times in private, it's time to put my thoughts out there in public.  But before I do, let's set the table a bit.  This transfer represents the largest deal, ...
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