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March, 2012 | EDGE Asset Management
Professional Property Management | Miami | Fort Lauderdale | The Palm Beaches

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U.S. Housing Market Has Begun Nascent Recovery, Says Freddie Mac Report

Frank Nothaft According to Freddie Mac’s U.S. Economic and Housing Market Outlook for March, there are signs the U.S. housing market is awakening from its depression-like condition of the past few years and beginning, though slowly, to make a nascent recovery. Frank Nothaft, Fre
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Planning to Lease Your Mineral Rights? Here Are 6 Risky Issues You May Face

Mineral rights owners are often confused whether to sell or lease their ownership. Leasing seems to be pretty luring as it is assumed by many to be a steady income-generating option. But, in reality, leasing is not as simple and beneficial as it is perceived. Real-Estate:Property-Mana
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Robert Graham to Open Store at the Mall at Short Hills

National Real Estate Investor
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Zucker Organization Pays $4.1M for Bank Branch

The Zucker Organization purchased the retail outparcel bank branch building located at 8901 W. Atlantic Blvd. in Coral Springs, FL for $ 4.1 million, or about $ 528 per square foot. The 7,771-square-foot retail building is fully leased to PNC Bank and is a part of the Plaza at Coral S
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CoStar’s People of Note (March 25-31)

This week’s People of Note includes the following markets: Chicago, National, New York City, Richmond, San Francisco, South Florida, Tampa and Washington, DC. NATIONAL Holliday, Fenoglio Lead Veteran Team to CBRE By Laurie Forbes CBRE recruited Harold E. (Hal) Holliday, John T.
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Bank Of America Sells Two Palm Beach Buildings for $6M

Kenneth Slater acquired an office at 220 Sunrise Ave. and the retail building at 138-140 N. County Rd., both in Palm Beach, FL, from Bank of America for $ 6,027,500, averaging about $ 222 per square foot. The two-story office building totals 20,846 square feet and was built in 1986 on
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T-Mobile Consolidating Call Center Ops; Ditching 7 Facilities

T-Mobile USA Inc. plans to consolidate its call center operations from 24 to 17 facilities by the end of June. “Concentrating call centers is an important step to achieve competitive cost structures to successfully compete as challenger and value player in the wireless market,&#
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Wall Street dips, but winners gain as quarter’s end near

NEW YORK (Reuters) – Stocks retreated from near four-year peaks on Tuesday, while a batch of large-cap shares hit new highs, with the help of portfolio managers snapping up top performers near the end of the quarter. With the first quarter ending on Friday, portfolio managers ad
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Conroy Simberg Inks 42,000-SF Renewal

Conroy, Simberg, Ganon, Krevans, Abel, Lurvey, Morrow & Schefer, PA., a Florida-based liability law firm, signed a renewal lease for 41,752 square feet at 3440 Hollywood Blvd. in Hollywood, Florida. Venture Corporate Center I is a four-story, 83,548-square-foot office building on
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CapLease Receives 1M-SF Nestlé Renewal

CapLease, Inc. (NYSE: LSE) executed a lease renewal with Nestlé Holdings, Inc. for its 1,045,153-square-foot industrial property at 555 Nestle Way in Macungie, PA. The lease will commence on January 1, 2013 for a term of five years. Contract rent is $ 4.40 per square foot, incr
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