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Starwood Property Trust Snaps Up Another Florida Affordable Housing Portfolio for $600M
www.costar.com

Starwood Property Trust Inc. (NYSE: STWD) has agreed to buy 28 properties with a combined 6,185 affordable housing units in Orlando, Tampa and other major Florida markets for $600 million. Starwood, the nation’s largest commercial mortgage REIT, announced the signing of a definitive agreement to acquire the institutional-quality portfolio in an off-market transaction. The 99% […]

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Stiles Starts Work on Another Luxury Rental in Downtown Ft. Lauderdale
www.costar.com

Rendering of new Stiles/PGIM apartment tower in Fort Lauderdale. Source: Stiles Residential Group.The Stiles real estate firm is building a second ultra-luxury apartment in downtown Fort Lauderdale, a 42-story tower designed to connect the city’s under-served Riverwalk area with the business and entertainment district along Las Olas Blvd. Stiles Residential Group and joint venture partner […]

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Publix Buys Another Florida Shopping Center
www.costar.com

Publix Super Markets is at it again, acquiring another Florida shopping center as part of a strategy that brokers say is designed to allow the grocery giant to control its own destiny. The Lakeland, FL-based company paid $25.45 million, or about $322 per square foot, for the Publix-anchored Lakeview Shopping Center at 1300-1440 Coral Ridge […]

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Servicing News; Fannie/Freddie News; Another Blow for Ocwen
www.mortgagenewsdaily.com

Posted To: Pipeline Press The origins of job interviews? Here you go . And speaking of employment, yesterday the commentary mentioned companies coming and going. Here in Florida, thank you to Genworth’s Karen M. for passing along Sir Richard Branson’s well-written tribute to his Virgin America brand which is being eliminated in its merger with […]

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2016 Another Banner Year for Commercial Real Estate
www.costar.com

For all its ups and downs, U.S. commercial real estate enjoyed another banner year in 2016, thanks in large part to the unprecedented run in multifamily rents and property values and the fact that the U.S. continues to be viewed as a ‘safe haven’ by global property investors. But it was also marked by continued […]

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Congress flirts with another government shutdown as election looms
www.aol.com

Congress flirts with another government shutdown as election looms With many lawmakers chomping at the bit to return home to campaign for reelection, it’s hard to believe there is any serious talk about another government shutdown. Congress is rushing to complete work on a large stop-gap spending package that would keep the government operating until […]

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Bulls and bears debate: is another bust imminent in SoFla?
therealdeal.com

Added to this, South Florida real estate prices are significantly less than the levels being paid in other key global markets around the world, including Hong Kong, London and New York City. Based on all of these factors, South Florida is well …

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Miami's Condos Shift to a Buyer's Market, but Don't Expect Another 2008 Bloodbath
www.miaminewtimes.com

Feds Will Track How Much of Miami's Real-Estate Boom Is Being Fueled by Money Laundering. The reason, as we've all heard before, is in large part because of lowered interest from Latin American buyers. Economic problems and less favorable currency …

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Downing-Frye Realty Inc. reports another solid year of sales
www.naplesnews.com

The closed sales volume reported for 2015 reflects well on the Naples and Southwest Florida real estate market, and there are indications that activity is continuing strong, according to Mike Hughes, broker and general manager for Downing-Frye Realty Inc.

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Miami Enjoys Another Record-Setting $21 Million Penthouse Sale
www.worldpropertyjournal.com

Miami is still on a roll when it comes to uber-lux real estate sales, despite a global slowdown in the ultra-high end property market due to slowing Asian, Middle Eastern and Latin American economies, coupled with the strengthening of the U.S. dollar …

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