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Other Industry News

Unique Mixed-Use Property In Orlando Sells For $62.5 Million

In alignment with Avanath’s mission to acquire, own, renovate, and operate affordable and value-oriented communities, 131 of 266 units are designated affordable, with the property’s rent restrictions continuing until 2050.
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The Allen Morris Company, Xenel International U.S.A., Principal Real Estate Investors Closed On $57.2 Million Construction Loan For Multifamily Development In Osceola County

It will be the first residential phase of a larger 200-acre mixed-use development.
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Activity In Orlando’s Office Market Fueled By Flight To Quality, Tech Industry

The Orlando office market is finally seeing positive absorption across all major submarkets. An impressive second quarter recorded 122,423 square feet of positive absorption, bringing the total for the first half of the year to 156,778 square feet.
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TerraCap Management Sells Single-Story Office/Flex Park

Ron Rogg of CBRE represented TerraCap in the sale transaction.
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CBRE Brokers $59M Sale Of Hotel Melby In Downtown Melbourne

Christian Charre, Paul Weimer, Jennifer Jin and Andrew Pastorino of CBRE represented the seller, a joint venture between Opterra Capital, Willow Street Capital, Duke Hospitality and LCP Group, in the transaction.
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Marcus & Millichap Brokers Sale Of New Balance Factory Store-Anchored Shopping Strip In Kissimmee

The property sold for $6,750,000 million.
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