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The council passed a zoning amendment and a tax incentive bill to spur conversions, but County Executive Marc Elrich said he may veto the latter.
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With the deal, Marriott predicts full-year 2025 net room growth will approach 5%.
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The commissioners need more time to ensure the deal works for both the city and the developers.
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The multifamily market showed resilience with rising rents and vacancy expected to dip coming out of 2024.
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The deal marks the largest-ever C-PACE loan in South Florida.
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The biggest leases, sales and financing deals in New York City this week.
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Philadelphia's multifamily construction boom appears to be winding down, according to latest housing report from the Center City District.
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Macy's and Kohl's both announced expectations to continue shrinking, with plans to shutter more than 90 stores between them in 2025.
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Foundry Park would include nearly 3,300 residential units, 350K SF of office, 435K SF of retail, 250K SF of hotel space and 12 acres of open space.
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A 15-story former corporate headquarters near Memorial City is set to anchor the gateway to CityCentre under new ownership.
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