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By this time every year, you would have received our Annual Real Estate update. This year, while we were setting about to write about our view of the market and to list some of our accomplishments during the past 18 months, part of our story could not be told.

Companies contemplating or instituting a plant closing or mass layoff in New York should know that Governor David Patterson has signed into law S.8212, the New York State Worker Adjustment And Retraining Notification Act, (the "NY WARN Act"), which imposes requirements on employers in addition to those currently imposed by the federal WARN Act.*