After cooling off from a peak in 2004, the real estate market for luxury residential properties in Manhattan again surged at the end of 2005 -- and that surge has continued into February 2006, according to Stribling & Associates, a New York real estate firm that specializes in the sale and rental of luxury apartments, townhouses, co-ops, condos and lofts. Kirk Henckels, executive vice president and director of private brokerage at Stribling & Associates, said in a statement, "Surprisingly, the luxury real estate market managed to add yet another record-breaking year to its upward and seemingly unending spiral. The pleasant surprise has been the surge in activity of the $20 million-plus market, which is not dependent upon salary or bonuses." Stribling released a Manhattan luxury ma...
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