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The purchaser, an affiliate of Salt Lake City-based Bridge Investment Group, has added nine senior housing properties to its portfolio with the deal to acquire Somerby, which is headquartered in Birmingham, AL.
The New York City Economic Development Corporation approved $132 million in tax-exempt bonds to expand and modernize Richmond University Medical Center.
Despite rising interest rates, tightening credit and lingering uncertainty over the geopolitical climate, many commercial real estate experts remain bullish on the market going into the new year.