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The tariffs are already impacting cargo volumes at the Port of Long Beach this year, and investors are preparing for the potential impact on the real estate market.
Philadelphia now joins San Francisco, New York City, Cleveland and Newark, NJ in the right to counsel movement. Similar legislation is advancing in Detroit, Los Angeles, Denver, and other cities across the country.
The purchase of Park Center fits with Innovatus' strategy to invest in strong growth markets across the United States, and further bolsters its footprint in Plano/DFW, a high demand and growing market.
Facing the neighborhood staple Fort Tryon Park, plans for the development could include up to 300,000 square feet of both market-rate and affordable residential units.