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PHILADELPHIA—The acquisition, which will add 30,000 apartment units to C-III's portfolio, also “further diversifies our platform and enables us to become an even broader and more robust full-service provider” of debt and equity solutions, says C-III's Andrew Farkas.
LOS ANGELES—A REIT buys the Broadway Pavilion, a 143,000-square-foot grocery-anchored shopping center in Santa Barbara in a sale the sales team says shows the strength of the market.
NEW YORK CITY—RICS, the American Society of Appraisers and the American Institution of Certified Public Accountants have collaborated on devising a professional qualification for fair value assessments, in response to a call from the Securities and Exchange Commission.