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PGIM Sells Transal Park for $22.8M
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Foundry Commercial and American Realty Advisors have acquired the six-building Transal Park at 8200-8290 NW 27th St. in Miami, FL from PGIM Real Estate for $22.8 million, or about $170 per square foot. The single-story flex park totals 134,175 square feet on a 10.4-acre site. The buildings were constructed in 1989 and 1990 in the […]

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Q&A: New Capital Sources Creating Opportunities for Developers, Investors
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Daryl Shevin, chief financial officer of 13th Floor Investments, sees big changes in the equity markets – all unrelated to falling stock prices in recent days. Shevin said new players are bullish on real estate investments. What’s more, he predicts that less reliance on traditional equity will lead to a more vibrant market and reach […]

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Markay Mgmt Buys American Pioneer III Bldg
www.costar.com

Markay Management, Inc. acquired the American Pioneer III office building at 604 Courtland St. in Orlando, FL from a local owner for $8.9 million, or about $120 per square foot. The three-story, 74,200-square-foot building was built in 1985 and is located in the Lee Road submarket of Orange County. The buyer and seller both handled […]

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Maroone Ford Sells for $22.5M
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Grieco Automotive Group acquired the retail building at 1333 N. Federal Hwy in Fort Lauderdale, FL from AutoNation for $22.5 million, or approximately $333 per square foot, from AutoNation, Inc. The single-story, 67,518-square-foot auto dealership was built in 1990 in Broward County. The buyer financed its acquisition in-part with a new $18 million loan provided […]

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Robbins Property Associates Pays $30M for Multifamily Community in Brandon
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Robbins Property Associates, a multifamily property investment firm based out of Tampa, acquired the 228-unit Lakeside Central apartments at 529 S. Parsons Ave. in Brandon, FL from The Collier Companies for $30 million, or about $132,000 per unit. “This sale represents the premium pricing that can be achieved through a proven value-add initiative,” says Ned […]

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Cambridge Harbor Office Pays $5.1M for Highland Commons
www.costar.com

Cambridge Harbor Office LLC acquired the Highland Commons office building at 34125 U.S. Hwy 19 N. in Palm Harbor, FL for $5.18 million, or about $81 per square foot, from Decade Properties, Inc. The 63,548-square-foot property delivered in 1989, near Lake Tarpon. It is situated on 6.5 acres and is home to multiple tenants including […]

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Elon Musk's SpaceX just launched the most powerful rocket on Earth today
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//delivery.vidible.tv/jsonp/pid=56c21811e4b009d9eacb4ef9/vid=5a78c3ed88420b5f4207cc90/5643911267b62318603bce5a.js?m.embeded=cms_video_plugin_releases.aol.com SpaceX has launched Falcon Heavy, the most powerful rocket the company has ever built. The rocket lifted off from a historic Apollo-era launch pad at Kennedy Space Center in Florida, where Business Insider is on the ground. Musk put his own Tesla Roadster on top as a test payload. The car is bound for Mars orbit, […]

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Elon Musk is launching his Tesla Roadster into space to prove a point — but it's also a brilliant marketing move
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//delivery.vidible.tv/jsonp/pid=56c2155de4b064d1b7087bd6/vid=5a7894ea22421539c5f15eca/5643911267b62318603bce5a.js?m.embeded=cms_video_plugin_releases.aol.com Elon Musk’s SpaceX is sending its Falcon Heavy rocket, the most powerful rocket that’s launched from the US since the 1970s, into space on Tuesday. The rocket will include Musk’s 2008 Tesla Roadster as a test payload to show how the rocket could one day transport people and goods into space. Musk said he’s […]

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State Street Realty Takes Over Leasing at Miami-Area Industrial Complex
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Duke Realty has hired State Street Realty to lease and market its Miami Industrial Logistics Center, a 4-Star industrial complex in Hialeah Gardens, FL. The warehouse and distribution center in northwest Miami-Dade County consists of three buildings totaling 676,835 square feet. MILC I at 15002 NW 107th Ave. is 209,232 square feet, MILC II at […]

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Fallout From Hurricanes Drives HELOCs and Equity Loans Higher
www.mortgagenewsdaily.com

Posted To: MND NewsWire As more time elapses since the three hurricanes that impacted parts of the U.S. in late summer to mid fall, additional damage to the mortgage market is becoming apparent . The focus of Black Knight’s Mortgage Monitor for December, as well as its recap of mortgage performance in 2017, is skewed […]

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