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“We continue to see the growth of the University of Pennsylvania and Drexel University driving the demand for housing in this submarket and driving growth and redevelopment further west,” says Rittenhouse Realty's Ken Wellar.
“We were a little bit ahead of the curve in terms of understanding where values are headed in this cold storage subsector,” says HFF's Greg Nalbandian.
Liberty expects to leverage Raiman's expertise as a real estate investor, "as we capitalize on the opportunities afforded by the industrial markets and our repositioned industrial platform,” says Liberty CEO Bill Hankowsky.
Northridge Capital LLC recently purchased HP Plaza for an undisclosed purchase price in a transaction that reinforces the strength of the new urban center in North Houston, CityPlace at Springwoods Village.
Dallas-Fort Worth holds up as the third most attractive market for industrial development and investors listed DFW the second most desirable investment market for the third year in a row.
Stearns will oversee CBRE's global finance and accounting organization, including tax, treasury, balance sheet management, financial planning and analytics and investor relations.
The initial portfolio will comprise 38 hotels consisting of 27 Hyatt Place properties and 11 Hyatt House hotels located in the US, with a total of 4,950 rooms and an appraised value of about $720 million.