Properly utilized the CRA is an effective tool for lenders to help address the housing affordability crisis, not only in booming metropolitan areas like Seattle, but also in areas of the country that desperately need institutional investments to re-vitalize their communities.
Both New Jersey and Florida are undergoing rapid economic growth and expansion, as well as experiencing significant population gains, says John Williams, president of Avanath, leading to increased demand for affordable housing options across both states.
While serviced offices have been around for decades, the term coworking has become a buzzword during the last 10 years with very little metro level data available yet to track historically, says NAI Partners.
Keystone acquired the nine-story, approximately 400,000-square-foot class A office building in 2013, and has spent $25 million to redevelop the property.