There 's plenty of international money , but the basic economics in New York City , even with a lack of supply that is not getting better , still make it difficult to get the economics pointing in the right direction for development , '' said Richard Bassuk , president of the Singer & Bassuk Organization , which arranged financing for a W Hotel currently under development in Lower Manhattan .
Lower Manhattan /location/neighborhood/neighborhood_of New York City
New York City /location/location/contains Lower Manhattan
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New York City
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/location/neighborhood/neighborhood_of
New York City
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Lower Manhattan
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