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Approximately $600 million of previously announced capex spending in 2020 will be deferred as owners make difficult choices between investing in existing assets, forgiving rent and making debt service payments.
Multifamily, office and retail properties can leverage water features as a built-in marketing tool and increase the length of stay or tenancy at a property.
Homebuilders and master-plan developers are buzzing, especially in suburban markets such as the tech/creative industry hub of Austin where there is a surge in buyers from both the urban core and out of state.