The site for Eighty Seven Park was sloped so run-off poured into Champlain Towers and undermined the building’s structural integrity, the lawsuit alleges.
Kayne Anderson Real Estate has closed a new opportunistic equity fund with $2.75 billion in commitments to buy student housing, seniors housing and medical office buildings, reports Multi-Housing News. The amount of sublease office space in the U.S. market declined for the first time since the pandemic began in the third quarter, according to research from Cushman & Wakefield. These are among today’s must reads from around the commercial real estate industry.
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