IMC Pays $4.4M for Lincoln Park West

IMC Property Management & Maintenance acquired the Lincoln Park West shopping center from Infinity Real Estate Investments for $ 4,394,500, or about $ 30 per square foot. Lincoln Park West is located at 7738-7853 NW 44th St. in Sunrise, FL, and totals 147,255 square feet of multi
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JLL Expands Its Capital Markets Research Platform

JLL’s hiring of Marisha Clinton leads the week’s roundup of names in the news. National Real Estate Investor
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CoStar’s People of Note (May 27-June 2)

This week’s People of Note includes the following markets: Chicago, Columbus, Dallas/Fort Worth and Washington, DC. DALLAS/FORT WORTH Newmark Grubb Hires Senior Managing Director By Ethan Panton Newmark Grubb Knight Frank hired logistics expert Tim Feemster as a senior managing
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Beacon Capital, L&L Holding Co. Close on $230M Acquisition of 222 Broadway

A joint venture of Beacon Capital Partners LLC and L&L Holding Company LLC has acquired Bank of America’s office tower at 222 Broadway in New York City for $ 230 million, or about $ 304 per square foot. The 27-story, 756,138-square-foot, class A office building is located b
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Wall Street Week Ahead: Time for some more stimulus?

NEW YORK (Reuters) – Things are shaping up for another hot summer on Wall Street, and there is a long, long way to go yet. Federal Reserve Chairman Ben Bernanke will be back on Capitol Hill on Thursday to testify before a congressional committee about the state of the U.S. econo
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Cresa Promotes From Within

Cresa has promoted Matthew Cheezem to vice president and Luciana Carvalho to senior advisor in its Miami, Florida office. Cheezem joined Cresa in January 2011 and has participated in the completion of assignments for a wide variety of clients, including corporations and professional s
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Lilliputian Landlords and Student Councillors, Fight Canterbury’s Local Giants!

There is a proverb “Proverbs 18:17”, which reads, “The first to speak seems right – until a second comes along”. However, if there is nobody in second place – is this you? Nobody!? Then the first is right by default albeit not necessarily so. Real-E
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Leaseholders’ Struggle to Change Property Managing Agent Results in Needless Pain

I just don’t get it – poor performers like Telewest and AOL get punished by consumers who learn of their reputation and shop elsewhere. But for some strange reason the same rules don’t apply to the leasehold residential sector. Why? Real-Estate:Property-Management Ar
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Dewey Collapse Gives Lenders Pause, but Landlords Won’t Cease And Desist in Pursuing Law Firms

Large law firms have long been among the most prestigious and credit-worthy tenants for some of the highest-quality and most prestigious office trophies in CBDs across America. Nowhere is that truer than in Manhattan, where last weekend’s final collapse and bankruptcy filing by Dewey
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Wall Street to open slightly lower after jobs, GDP data

NEW YORK (Reuters) – U.S. stocks were set for a slightly lower open on Thursday, after data pointed to an economy that may have stalled while investors grapple with the euro zone's debt crisis. A report by private payrolls processor ADP showed private employers created 133,
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