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NEW YORK CITY-New Plan Excel Realty Trust, a REIT based here, has entered an agreement to sell its garden apartment portfolio the company revealed in a conference call Friday. May 18.
ATLANTA-The area's 68.6% occupancy in 2000 was the highest anywhere in the area since 1995, according to San Francisco-based PKF Consulting. Average daily room rate rose to $68.52 last year from $67.36 in 1999.
PALATINE-Oak Brook-based Midwest Real Estate Equities, Inc. converts the 320-unit Wyndham Court Apartments in this northwest suburb of Chicago to the Wyndham Club condominiums, one of the largest suburban condominium conversions.
MIAMI-The Miami-Dade Public Health Trust, which operates Jackson Memorial Hospital, apparently approves a bid last week to acquire Deering Hospital, a 199-bed facility, for $32 million or $160,804 per bed. Equipment and furnishings will cost another $6 million.
SAN DIEGO-A limited partnership of Diversified Properties buys 2.5 acres in the Sabre Springs Business Park for $1.9 million. The local investors plan to develop a 50,554-sf office building.
LOS ANGELES-A fully leased, 85,300-sf office building in Monterey Park office has changed hands. The buyer is a private investment group. The transaction was a 1031 exchange.
ATLANTA-Despite the city's 2.5-year supply of class A office space, the Charlotte-based developer expects to break ground in August on 20-story, $100 million Cobb Tower at Interstate 75 and Cumberland Boulevard.
SAN FRANCISCO-The rating is recognition of the locally based mortgage insurer's significant commitment to the European mortgage insurance business, and will enhance the company's ability to capitalize upon those prospects.
OAKLAND-The firm is in 90,000 sf on the 21st through the 25th floors of the 16-year-old Lake Merritt Plaza at 1999 Harrison Street. The 11-year deal averages out to more than $4.20 per sf per month for 90,000 sf of space.
HOUSTON-The North Harris County Community College District has completed a 200-acre buy from the Sweeney Doehring Estate. The land is located at the intersection of Barker Cypress and West Road.
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Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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Download ResourceFrom Placer.ai
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Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource