Real Estate Market To Take Hit From Sequestration

Law360, New York (March 1, 2013, 6:54 PM EST) -- Office landlords stand to lose lucrative government leases in the coming weeks as sequestration takes its toll, and experts say the ripple effect from the massive budget cuts could stall the real estate market's recovery by adding yet another level of economic uncertainty.

The government spends millions of dollars leasing thousands of square feet of space around the country each year, and faced with around $85 billion in budget cuts will likely opt out of many of these agreements through its sovereign right to terminate for...
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