Perez-Alvarado will succeed Mark Wynne-Smith, who will continue in role of Global CEO of Valuation Advisory
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Perez-Alvarado will succeed Mark Wynne-Smith, who will continue in role of Global CEO of Valuation Advisory
Newmark is working with several luxury retailers interested in expanding their footprint in New York.
The value of its 25% interest in the commercial condo units is $275 million, or $793 per square foot.
Investors are following renter migration patterns outside of the big cities with non-major metros receiving the highest investment activity on record last year.
The company has made three investments, spanning 1.5 million square feet; bringing its year-to-date investment volume to $203 million.
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It is hoped that the new project could spur new development in Lower Manhattan
Commercial mortgages held by life insurance companies posted a 1.22% total return in the fourth quarter of 2020.
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