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The bulk of the loan balance is concentrated in California.
Struggles to secure financing in the lending market have the developer reconsidering.
The National Restaurant Association has also projected strong growth in 2025.
The sale marks a strategic shift single-tenant net lease properties.
It comes after the loan defaulted in November.
A generational divide emerges in attitudes towards return-to-office policies
The company hopes to add more than 1.3 million SF of office and retail to its portfolio.
The marina industry has attractive long-term prospects, Blackstone says.
Vacancies have dipped by 260,015 square feet year-over-year in 2024.