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"These 26 new homes will help ensure working families can continue to plant roots in Philly neighborhoods experiencing price appreciation," says City Council president Darrell L. Clarke, who has long championed increasing the City's affordable housing stock.
"Pad sites continue to experience a strong investor demand because of their location, access, visibility, and customer base,” says Marcus & Millichap's Mark Krantz.
Industry experts and approximately 30 undergraduate Cal students spent nearly 90 minutes in conversation broken up into 15 to 20 minute segments or roundtable talks at SIOR's career night.
“Two-tenant buildings with smaller spaces around 15,000 to 24,000 square feet are desirable sizes, and it can be challenging to find similar facilities,” says Kelly Joyce of Colliers.
In the third quarter, activity was up in every asset class in Downtown Los Angeles, but population growth and multifamily is still driving the expanding local economy.
The Reading multifamily loans are backed by a local sponsor and management company, whose real estate portfolio consists of 2,000 multifamily units in 15 multifamily properties.