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Marcus & Millichap Says Condo Deconversion Not Dead in Chicago
“Despite talk of a deconversion slowdown, and Chicago’s proposed ordinance to increase the required approval rate to prevent ‘hostile’ deconversions, we believe the trend will continue as long as investor appetite for multifamily remains strong and people prefer to live in apartments,” Stengle says.
Report: Onerous Taxes Make Chicago Casino Economically Unfeasible
The gaming board report later notes that the amount of profit relative to total development costs, inclusive of licensing and reconciliation fees, would be at best result in a 1% or 2% return annually, which is not an acceptable rate of return for a casino developer on a greenfield project.
NJ Transit Looks to Continue to Partner on TOD Projects
NJ TRANSIT has identified additional opportunities for similar TOD projects in Bordentown, Bound Brook, Camden, Hoboken, Trenton, and other communities throughout the Garden State.
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How Property Owners/Managers Can Avoid an 'Insurance Gut Punch'
Discover the smart solution that property owners/managers are using to hedge their insurance exposure amidst rising premiums and high deductibles.
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