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“Building a stronger, fairer New Jersey economy requires taking an innovative approach to community revitalization that acknowledges economic prosperity and environmental sustainability are not competing goals but mutually reinforcing ideals,” says Governor Phil Murphy.
"With the forthcoming renovations and refurbishments, we expect this hotel to drive long-term value, and be an integral part of the expanding Cambridge Landmark portfolio," says Pedro Miranda, managing partner.
I suspect that as baby-boomers glut the retirement market without enough income to maintain their standard of living at home, the numbers of US retirees living abroad will skyrocket.
The seven-story 939 Ellis, which Seavest Healthcare Properties acquired in June 2018 for $49 million, consists of 87,189 square feet of rentable office space, and 53 parking spaces. The acquisition marked Seavest's entrance into the San Francisco real estate market.
Hunt, a highly regarded office real estate specialist, will help expand firm's consultation and tenant-representation practice in Philadelphia and Wilmington.
Developers should focus less on the benefit from the opportunity zone incentives and more on the overall return from investing in the property, says Jeff Monge, managing partner of Monge Capital.