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In this <b>EXCLUSIVE</b>, GlobeSt.com learns more about the challenges and opportunities that Bay Area builders are facing, including the huge push for mixed-use and transit-oriented development.
“The properties on Passaic Avenue were vacant eyesores for many years, and Russo has been transforming them into better ratables that will bring residents, shoppers and businesses to Kearny,” says Mayor Alberto Santos.
Among the stores targeted for shut down include two locations in Manhattan at 2008 Broadway on the Upper West Side and 635-641 6th Ave. in Chelsea. According to the two stores' respective website, both locations have already been permanently closed.
A wide array of companies have added major distribution facilities to the metroplex during the past year, and many investors are taking notice and responding accordingly in transactions large and small.
In this <b>EXCLUSIVE</b>, Yung says it's important to realize that not all real estate investments are created equally, meaning diversification by property types can provide a security layer with regard to fluctuations.
Submarkets such as the Galleria remain attractive to investors and lenders due to the desire to place capital in Houston and the quality asset of the Hyatt Galleria drew heavy lender interest for the refinance.