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South Florida's apartment sales have hit a milestone: the highest-ever sales dollar volume for the first nine months of any year on record, states a newly released Q3 Cushman & Wakefield multifamily market report. 
For the first nine months of 2016, multifamily investors paid more than $2.4B for South Florida properties. But the report's author, Cushman & Wakefield's Calum Weaver (who is currently selling 170 units at Valencia Doral condo, here), questions whether the…
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IHG's First EVEN Hotel In Florida Gets Financing
Florida's first EVEN hotel has secured construction financing. Atlanta-based InterContinental Hotels Group has secured a nearly $20M first mortgage loan to finance part of the construction of the 190-room select service hotel a mile from the Miami International Airport in Lake…
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Top Buy, Sell Markets For US Retail Real EstateThese are the top five buy and sell markets for retail real estate assets in the US, according to Ten-X's US Retail Market Outlook projections. Top buy markets, concentrated in the Southeast and West, are being driven by strong economies and growing populations due to healthy job growth. Top sell markets are being hit by sluggish economies and stagnant wages due to lackluster growth outside of urban areas, according to Ten-X. |
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Industrial Boom: These 5 States May Legalize Marijuana In NovemberWhen it all boils down, the legalized marijuana business is none other than a real estate business. One of the most important investments in the business is industrial real estate, and Ten-X chief economist Peter Muoio tells Bisnow legalized medical marijuana is having a huge impact in certain markets. “It's (pushing) the industrial sector even higher,” he says. “Companies use the warehouse space for growing and distributing.” |
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