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It also plans to demolish the Hotel Pennsylvania to make way for new development.
The Sunbelt markets keep humming along while cities on the coasts are improving.
The culture embedded in the firm dictates its business model, growth, hiring, management policies, operational strategy, and real estate program.
Investors need to consider other scenarios that could show a little bit more volatility.
The asset manager has reportedly acquired a stake in Mavik Capital Management with this goal in mind.
Top tier malls throughout the country still have exceptional strength.
"Bankruptcies are starting to pick up because people realize that money is not going to fix the wounds of lost customers."
The good news is that the local employment remains relatively healthy.
MOB investment decreased 12.2% year-over-year in 2020 to hit $11.1 billion.
While trips to the office are sticker because they are dictated by employer policy, leisure movement is hitting near pre-pandemic levels for the first time since July 2020.