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Old Posted Dec 14, 2018, 3:40 PM
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frbrown frbrown is offline
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Join Date: Dec 2016
Location: Philadelphia
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Originally Posted by RowanGrad View Post
What losses? Is there an article somewhere detailing them?
Here is an article about that

Liberty Property Trust has written down the value of its sprawling Camden waterfront development project by $26 million amid less-than-anticipated demand for office space at the site and the prospect that state tax breaks used for job creation there won't be renewed.

Liberty chief executive William P. Hankowsky said in a conference call with analysts Tuesday that the "impairment," accounting for almost a third of the company's $80 million investment, was necessary to accurately reflect the value of the Camden project under current circumstances.