The New York bank also has a built-in wildcard: Citi Holdings, the unit that houses its unwanted assets.

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For example, an estimated 30, 000 people are moving to Berlin every year, while only about 4, 000 new apartments are being built, leading to an annual 15, 000-unit shortage, according to analysts at J.

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Once a new unit is built, the operational costs are nominal and over a 40-year time period, such facilities have proven to be cost effective.

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In Atlanta he plans to begin construction early next year on a 270-unit condo tower in the first of up to nine new residential towers to be built on the largest blank slate in the city, a 20-acre parcel.

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