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A rapid drop in new apartment starts is expected to constrain supply in the coming years, making existing properties a more appealing investment.
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Trammell Crow expects the project to deliver in 2026 and generate $400K in annual taxes.
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Tax-exempt groups across the country are increasingly looking to buy commercial properties as prices have fallen.
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The small Miami shopping district has the fastest rent growth in the country, propelling it to among the most expensive retail corridors in the country.
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Allen Morris will break ground on the second phase in partnership with Atlanta-based Animal.
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SEPTA's $3.3M purchase of Galdo's Catering, the $12M sale of a 108-unit Vineland apartment complex, and more highlight this week's deal sheet.
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The biggest sales, developments, leases and other tidbits from Atlanta's commercial real estate scene.
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Denver Deal Sheet: Major property sales, new hires, and construction updates shaping the Denver market.
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But the optimism could be dashed if the Fed holds rates again in September, one analyst said.
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A 230-unit apartment complex sold to the highest bidder for $21.5M, while The Carriage House student housing complex in University City went for $22.5M.
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