Nov. 12, 2002

U.S. Office Buildings Selling at Bargain-Basement Prices

BY DEAN STARKMAN Dow Jones Newswires The tech wreck is crunching the price of office buildings. In suburban Denver's high-tech corridor, Merrill Lynch & Co. has on the block a sparkling, but empty, office campus for $56 million, or $125 a square foot - way below what it would cost to replace it.