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Hines Takes On the Improbable Office-to-Resi Play
Deconstruct
The Heinz Building Is a Class C Building
Heinz was transparent about its plans to redevelop the building even before it had committed to purchasing it. Peter says actual leasing rates are becoming less of an issue. Landlords have kind of wised up to the reality that many tenants in their class C buildings are ultimately not going to be there in a handful of years.
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