Real Estate: Highest Finance

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Chow in the Sky. Wien, who has a hand in the operation of nearly all his syndicated properties, insists that he is not a speculator. "We buy for permanent investment," he declares, "and can only sell a property with 100% consent of the investing partners." Among his plans for the Empire State: to open a luxury restaurant beneath the highly profitable ($2,000,000 a year) observation deck, plant trees around the base of the building, brighten its cavernous lobbies, and complete the air conditioning of its 1,750,000 sq. ft. of rentable space, which currently has a highly satisfactory 99% occupancy.

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