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RED BANK: RIVERVIEW DEAL YIELDS WINDFALL

The prices of vacant lots quadrupled in less than four years when they were sold to Riverview in late December. (Photo by John T. Ward. Click to enlarge.)

By JOHN T. WARD

hot topic red bank njThe latest addition to Riverview Medical Center’s Red Bank real estate holdings yielded a windfall gain for the seller, redbankgreen has learned.

Why the hospital paid a whopping price for the site remains unanswered.

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