Hines Takes On the Improbable Office-to-Resi Play
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Multifamily Isn't Trading as It Used to Be, Right?
The National Multifamily Housing Council said that sales had come to a virtual standstill, unquote, in October. Buyers aren't loving the returns they're seeing because rent growth is stagnating. But at the same time, sellers aren't budging on prices yet. In New York, Kushner companies put about a third of its Manhattan holdings up for sale.
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