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NAP describes the project as “a national example of next-generation, mixed-use development, placing 'heart share over market share' in creating New Jersey's next hometown.”
The sale of VEREIT's investment management business “allows us to simplify our core business model and focus on our large, diversified single-tenant real estate portfolio,” says CEO Glenn Rufrano.
Texas has been one of the big winners of the decade following the financial crisis–Houston jumped from number 15 to number 11, while Dallas gained six spots on the office investment list, going from number 16 to 10.
With 84 million millennials and 78 million Baby Boomers, hotels have ramped up brands and concepts geared specifically to the younger set, and Hilton and Marriott brands are some of millennial favorites.
Houston was among the gainers for rent growth in October, as the metro area's housing supply contracted in the aftermath of Hurricane Harvey, says Yardi Matrix.
A new survey from CTBC Bank analyzed the sentiment of high net worth investors around the world, and found many are concerned about affordability and interest rates.