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The Hotel is located at the entryway of CityCenter and in the heart of the Las Vegas Strip featuring 392 guestrooms, including 57 suites, 12,000 square feet of meeting space, five food and beverage outlets, and a two-level 27,000 square-foot spa.

The focus is creating the highest and best use for each site but construction and land costs add challenges to an already challenging situation, while community designs continue to be responsive to buyer needs.

Since 2000, Los Angeles has spent $28.4 billion on the construction of new multifamily product as the spending on single-family construction has fallen.

“This acquisition fits squarely into our primary investment strategy of acquiring medical office buildings in secondary and tertiary markets with strong tenants.”

The need for more quality, class-A product is fueling value-add industrial activity in San Diego, but, like land, the opportunities are limited.

The financing, which fully capitalizes the 59-unit project, was provided by New York City-based Madison Capital. Construction is underway, with the foundation nearly complete.

Steve Silverberg, Jim Cahill and Alden Stabb are joining JLL's Suburban Maryland team.

The campus demonstrates Fulcrum Property's commitment to driving innovation, fostering collaboration and enhancing employee wellness via workspaces for tech, R&D and other urban office tenants.