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Second Chance: Conversions give new life to old office buildings

The Weekly Take from CBRE

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The Challenges of Adaptive Reuse in Commercial Real Estate

Steve Anup: The first part is do you have a seller that really wants to sell? There's a lot of these buildings that people want to hold on to and hope for a better day. We're seeing less of that now, he says. Steve Anup: It's not just the basis which can often be very attractive when you're doing these kinds of transactions. But it's how much is the actual conversion itself going to cause? How difficult is that?

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