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Panelists at ALM's GlobeSt.com Philadelphia conference last week say technologies like the "Internet of Things" are making building management and operation considerably more efficient.
“Both parties were able to recognize the potential for a win/win scenario in the transaction,” says CBRE's Michael Curran, “one that expands Linlo's growing office ownership portfolio, while at the same time providing flexibility to Members 1st in planning for their continued growth.”
The portfolio that changed hands included seven properties in Alabama; five properties in Pensacola, FL; three properties across Tennessee and one 200-unit property in Pascagoula, MS; one 203-unit property in Winston-Salem, NC and one 223-unit property in Houston.