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Lowe’s to Close All 99 Orchard Hardware Stores
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Lowe’s will close all Orchard Supply Hardware stores by the end of February. Lowe’s Cos. said it will close all Orchard Supply Hardware stores nationwide in the wake of stagnant sales as the retailer embarks on a review of its real estate portfolio. The Orchard chain has 99 stores in California, Florida and Oregon that […]

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New York Investor Sells River View Apartments in Tampa for $31 Million
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New York-based investor Axonic Properties sold the 296-unit River View Apartments in Tampa, Florida, to an undisclosed buyer taking title as River View Apartments LLC for $31 million, or about $105,000 per unit. Axonic Properties originally acquired the apartment complex in 2017 from The Reliant Group for $23.4 million, according to CoStar data. Located at […]

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The CEO Landscape: Diversity in Reverse
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On Monday, PepsiCo leader Indra Nooyi announced that she is stepping down from her role as CEO of the company after 12 years at the helm. During her tenure, Nooyi transformed the PepsiCo from a sugary soda company into one that included a line-up of healthful products. Some say with mixed results, but you can’t […]

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SunTrust Center’s Large Block Availability Offers Rare Opportunity for Corporate Relocation
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Once SunTrust Bank completes its expected 2019 relocation from its long-time home in downtown Orlando, Florida, to the under-construction Church Street Plaza, it will leave behind something that has been rarely seen this cycle — a large block of 4- or 5-Star contiguous available office space. The total amount of available office space could be […]

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Anbang May Benefit From Capital Flowing Into Luxury Hotel Properties
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Mack Real Estate Credit Strategies provided $290 million to refinance Manhattan at Times Square Hotel. A $503 million refinancing over the past week for three prominent hotels in New York, Miami and Washington, D.C., signifies there is no shortage of capital willing to finance luxury hotels across the country. That could help China’s Anbang Insurance […]

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The Salary Surge
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There is a crisis brewing on the talent front. A recent study conducted by Korn Ferry found that there is a growing shortage of highly skilled workers on a global level. This dearth will ultimately cause some world-leading economies, including the United States, China and Germany, to experience rapidly escalating employee costs. The projected increase […]

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Reprieve
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What are you going to accomplish in the next 16 months? Both the New York Times’ and Wall Street Journal’s forecasts from leading economist have given us a reprieve on a downturn/recession until 2020. Disregarding that the only 2 jobs where you can make an enormous mistake and be totally wrong on your predictions with […]

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Fort Lauderdale, Florida's FATcity Developer Reevaluates Construction Timing
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Developer Joe Traina Jr. had big plans for a parcel that fits into an effort by the city to lure millennials to downtown Fort Lauderdale, Florida, but the future of the project featuring twin 30-story towers is now uncertain. Avison Young is no longer marketing the 2.7-acre FATcity site at 300 N. Andrews Ave. and […]

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Smaller Beach Cities From Coast to Coast Ride a Development Surge
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By Linda Moss, Paul Owers and Jacquelyn Ryan The 12-room luxury hotel known as Vespera on Ocean (pictured) in Central California’s Pismo Beach is one of a number of

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Special Forces soldier charged with smuggling Colombian cocaine into Florida
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