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The deal reached between Related and the UBC and NYCDCC will be initially implemented on the 2.9-million-square-foot 50 Hudson Yards office tower project.
Colliers used Ten-X and its own proprietary investor database to market the property, resulting in 10 qualified, active bidders and the execution of 135 confidentiality agreements.
The United States will play an important role in the growth of crowdfunding, estimated to be approximately 30%, followed by Asia-Pacific, especially China, occupying more market share in the future.