Firm Shifted Gears at Just the Right Time ; Developer Had 20-20 Foresight
The Record, Bergen County, NJ (March 27, 2008)
Author: James Quirk, Staff Writer
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Two years ago, Robert Ambrosi, president of ARC Properties Inc., saw a storm coming.
At the time, the Clifton-based lease management and development company owned dozens of properties across the country, from office towers in Texas to research buildings in Indiana. Many of these holdings were a result of ARC's drive to become a real estate investment trust, a trend that swept through the industry starting 15 years ago.Firm Shifted Gears at Just the Right Time ; Developer Had 20-20 Foresight
But instead of morphing into something like Paramus-based Vornado Realty Trust, a publicly traded REIT, ARC d...
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