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TruAmerica acquires Pacific Shores, a 264-unit multifamily asset here, for $90.5 million and plans a multi-million-dollar capital-improvement plan for the property, keeping rents affordable for working families.
Sacramento multifamily rent prices have been among the fastest rising in the country during the last two years but another Sacramento city follows suit, increasing by 8.5% year-over-year, entering the top 10 with highest US rent increases.
One club company plans to downsize its real east estate footprint, converting a fraction of stores into e-commerce fulfillment centers. GlobeSt.com speaks with CBRE's Kurt Strasmann about what this means for retail CRE.