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Naming rights to the MetLife tower, historically known as 1095 Avenue of the Americas, were sold to Salesforce earlier this year. The tower itself was sold early last year by Blackstone Group LP for $2.2 billion to a joint venture including Ivanhoe Cambridge Inc. and Callahan Capital Properties. It was the largest transaction involving a single U.S. office building since 2008. (Photo: Bloomberg)

(Bloomberg) — Deals for a piece of New York’s iconic skyline are drying up.

About $14 billion of commercial real estate changed hands in the biggest U.S. property market in the first three months of the year, the lowest tally since the third quarter of 2014, data from Cushman & Wakefield Inc. show. Sales of office towers, hotels, stores and other buildings are forecast to drop as much as 30% this year in Manhattan and the surrounding boroughs after a record $75.5 billion of deals in 2015, according to the brokerage.

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