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In this <b>EXCLUSIVE</b>, Steve Van of Prism Hotels & Resorts says the earlier a hotel project is in the development cycle from land acquisition to stabilized hotel sale, the greater the risk it will be impacted by a recession.
The New York City Economic Development Corporation approved $132 million in tax-exempt bonds to expand and modernize Richmond University Medical Center.
Higher mortgage rates, uncertainty about the impact of the new federal tax law and challenged affordability continued (and) will likely continue to play a role suppressing sales levels in 2019,” Douglas Elliman states in the report.
The Senator was a mainstay of California political and social activity for more than 50 years before it was converted to an office building in 1982, and now Seagate Properties has purchased it for nearly $50 million.
While there is a lot of talk about trouble in the retail market, investors are continuing to line up and compete for quality deals in Southern California.