At least two Amazon employees reportedly purchased condos in a New York City neighborhood before news emerged that the area had been picked to host the company's second headquarters.


While employees of companies are barred from buying or selling stocks based on information that has not yet been made public, lawyers told the Journal that they were unaware of any such ban affecting real estate transactions.


There are no exact numbers on how many units have gone into contract in the Long Island City area since the announcement, but the Journal reports that one brokerage firm sold nearly 150 units just last week, 15 times its normal volume.

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