HudsonPoint Capital and Sovereign Partners have joined forces to acquire 575 Fifth Avenue in Midtown, Manhattan.
Still, leasing was strong.
With concessions on over 40% of units and some metros above 80%, the reset will be slow and uneven.
Latest data points to broad-based concern across age and education groups.
Rising oil prices, energy bills, and tariffs compound years of inflation, pushing more projects to the brink.
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