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Sacramento's growing economy, fueled by population growth, affordability and investment in urban development, speak to the market potential of this MSA, not only for retail but healthcare.
Core Acquisitions sees Ten Parkway North as a classic value-add opportunity: the building hasn't been updated in nearly 20 years, and it can be renovated and repositioned as a competitive alternative in the class A North Suburban marketplace, says Core's Bradley Joseph.
Downtown Dallas recently recorded an increase in new amenities, class-A office properties under construction and capital improvements to established assets in order to attract and retain tenants.
Bow Street's letter says it strongly believes that the Mack-Cali board's perfunctory response “suggests an alarming lack of commitment to good governance and long-term stockholder value, as well as an unwillingness to explore value-maximizing opportunities following years of company underperformance.”
KHP will continue to acquire hotels that can benefit from enhanced branding and management, renovation and reposition hotels in need of capital, and adaptive reuse of historic buildings.
The 93-unit Vincent's Village community will be developed by the Sisters of Charity Housing Development Corp. of Staten Island and Rockabill Development, LLC of New York City.