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WeWork announced today that it has received the $6-billion investment from Softbank. A total of $5 billion is in the form of primary growth capital and the remaining $1 billion is in secondary capital, which will be used to fund share purchases from investors and employees.
“This is the 4th hotel Hunter sold for Rockwood in 2018," says Teague Hunter, Hunter's president. "Its institutional-quality portfolio and sophisticated business style allowed the deal to move seamlessly through closing.”
The New York State Thruway Authority issued a traffic advisory warning motorists of heavy traffic delays in connection with the demolition that is scheduled to begin at 9: 30 a.m. on Jan. 12.
“Millennium offers significant near-term upside for an experienced owner like Morgan Properties to take advantage of all that Conshohocken has to offer,” says HFF's Doug Rodio.