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GOSHEN, NY—Merlin had considered sites all along the East Coast for the project that will include a 250-room hotel and theme park. He said Merlin was also mulling properties in New Jersey and Virginia before deciding on pursuing the Goshen parcel.
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Shopping center properties have an attractive supply-demand imbalance that is helping to stave off negative effects from economic uncertainty.
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In 2024, 10.8% of sellers of single-family residential properties were investors.
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Brookfield Asset Management is providing the financing.