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Rent Hike Wire

a_560x375.jpgManhattan's real estate woes are real, says a new Q&A with Julian Hitchcock, an NYC real estate veteran, on Grubstreet. Quote: "We're going to have to get used to spending $12 on a cup of coffee... All of the places in the middle of the city will just be a little too expensive, so all of the cool stuff will just be on the outside perimeter, and into the outer boroughs." [GS]