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David Linn with the White Plains-based The Galinn Fund LLC has sold the parcels at 251 Douglass St. to New York City-based Tavros Capital Partners and the Charney Companies of Long Island City.
There are several nearby companies that have won new vaccine contracts as a result of the coronavirus and this should lead to further development and possible expansions of existing facilities, Avison Young's Nick Banks says.
In Chapter 11, the debtor will usually seek permission to use the income generated by the property. But if the license to use rents was terminated prior to bankruptcy, the rental income no longer is considered property of the debtor.
RENTCafe found renters do not intend to postpone their moving plans despite the coronavirus, with 62% saying they are moving as soon as they find an apartment.
There's going to be a pruning of the development pipeline, and a lot of owners either seeking to exit their positions or in need of rescue capital to preserve the positions, Driftwood's Carlos Rodriquez Sr. says.
The Riverfront Lofts, a 266-unit class-A multifamily project, will be the first phase of The Riverfront mixed-use waterfront district in downtown Waco, near its largest attraction, Magnolia Market at the Silos.
In these unprecedented times, both Freddie Mac and Fannie Mae have been an unwavering source of capital, and are still actively lending and closing on transactions at aggressive rates below 3%.