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The development plan calls for a total of 303 units that will consist of a mix of one- two- and three-bedroom apartments. A total of 19 units would be affordable to those making 60% of average median income.

CNL Healthcare Properties was the seller of the four inpatient rehabilitation facilities.

In connection with the deal, Vornado also reports that Haim Chera, 50, has left the family-owned Crown Acquisitions to join Vornado as its EVP- head of retail.

With first-quarter gross domestic product figures due April 26, the surprisingly strong retail report spurred economists to further increase projections.

The offering provides “an open canvas to developers for a multi-year phased development plan with a goal to jumpstart and stimulate redevelopment in the city's Urban Core,” the city states.

The mixed-use development will include 232 five-star hotel rooms, luxury for-sale residential units, approximately 10,000 square feet of retail space and a 368-space parking garage. Both the hotel and the for-sale residential units will be branded and operated by Four Seasons Hotels and Resorts.

Industrial rents in the first quarter only increased $0.01 over the fourth quarter 2018, and this could be the beginning of trend.

The luxury, rental-based senior community in Tiffany Springs will offer upscale residential options with country-club style amenities and services.