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Category: Business

CTS Engines Buys North Palm Beach County Industrial Property
Business

CTS Engines Buys North Palm Beach County Industrial Property

June 8, 2022June 8, 2022

A photo illustration of 18855 Bee Line Highway in Palm Beach County (Bastian Laggerbauer of Colliers, Google Maps) CTS Engines paid $16 million for the

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Mortgage Demand Hits Lowest Level in 22 Years
Business

Mortgage Demand Hits Lowest Level in 22 Years

June 8, 2022June 8, 2022

Mortgage Bankers Association’s Joel Kan (LinkedIn, iStock) To find the last time mortgage demand was this low, you’d have to put on your Y2K glasses.

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Faena House Closing Tops Miami-Dade’s May Condo Sales
Business

Faena House Closing Tops Miami-Dade’s May Condo Sales

June 8, 2022June 8, 2022

Fendi Chateau Ocean Residences, Apogee, Rise at Brickell City Centre and Faena House (Condo.com, iStock) What falls down bounces back — slightly. Top condo sales

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Vero Beach Brokers O’Dare Boga Join One Sotheby’s
Business

Vero Beach Brokers O’Dare Boga Join One Sotheby’s

June 8, 2022June 8, 2022

(L-R) Cindy O’Dare, Kristin Dobson, Daniel de la Vega, Richard Boga of The O’Dare Boga Group (One Sotheby’s) By Kate Hinsche One Sotheby’s International Realty

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Inflation and Lawsuits Prompt New Ground Lease Models
Business

Inflation and Lawsuits Prompt New Ground Lease Models

June 8, 2022June 8, 2022

(Photo-illustration by Shea Monahan/The Real Deal) Vornado Realty Trust says the land beneath its office building at 330 West 34th Street is worth $145 million.

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Miami Hotel Rates Up 56% Since 2019
Business

Miami Hotel Rates Up 56% Since 2019

June 7, 2022June 7, 2022

The Setai Miami Beach at 2001 Collins Ave, Miami Beach (Google Maps) Hotel room rates have surged in Miami during the past three years, more

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Aimco Pays M For Flagler Village Dev Site
Business

Aimco Pays $64M For Flagler Village Dev Site

June 7, 2022June 7, 2022

Aimco’s Wes Powell  and 901-927 North Federal Highway (LoopNet, Aimco) Aimco acquired a redevelopment site in Fort Lauderdale’s Flagler Village for $64 million that is

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Ferreira Family Pays M for North Palm Beach Retail Plaza
Business

Ferreira Family Pays $36M for North Palm Beach Retail Plaza

June 7, 2022June 7, 2022

Shoppes at City Centre at 11201-11261 U.S. Highway 1 in North Palm Beach (Marcus & Millichap) Investors tied to the Ferreira construction and utility companies

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B Condo Collapse Settlement Could Raise Insurance Rates
Business

$1B Condo Collapse Settlement Could Raise Insurance Rates

June 7, 2022June 7, 2022

The lot where the Champlain Towers South once stood with Terra’s David Martin, John Moriarty & Associates president John Moriarty, Davide Bizzi of Bizzi &

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Alexander Team Leaving Douglas Elliman to Launch Official
Business

Alexander Team Leaving Douglas Elliman to Launch Official

June 7, 2022June 7, 2022

Tal and Oren Alexander (The Alexander Team, iStock, Douglas Elliman) Top Douglas Elliman agents Oren and Tal Alexander left the brokerage after a decade to

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