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REBNY's key economic indicators have been sobering: New York City and state lost $1.4 billion in tax revenue due to significant declines in real estate market activity brought about by COVID and the downturn.
The 95,000-SF property was redeveloped and sold by Douglas Development to an international family office and the newly-formed, MC Real Estate Partners.
The North Woodbridge, VA mixed-use property, developed by the IDI Group Companies and Boosalis Properties, will comprise more than 900 apartment units and 160,000 square feet of retail.