MIAMI-South Florida's real estate industry continued to strugglein 2010, but as indicated by the Daily Business Review's annualreport on the biggest deals of the last 12 months, institutionalbuyers did their part in giving the market a boost.

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Institutional players, including pension funds, real estateinvestment trusts and large equity funds, acquired a number oftrophy properties in the region. However, their dealmakingcame at the expense of smaller, local investors who were oftenout-bid by the well-funded national buyers.

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Major institutional deals included the $170 million purchase ofthe Las Olas Centre office buildings. An affiliate of USAA RealEstate bought that high-profile property on behalf of twofunds.

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In the multifamily sector, The Resort at Pembroke Pines, a1,520-unit apartment complex, was purchased for $193 million by afund affiliated with California-based Richard Ellis Investors. Areal estate investment trust that owns several high-profileindustrial properties in South Florida, added to its holdings. AMBProperty paid $66.75 million for the Palmetto Distribution Centerin Medley.

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Information for this report was collected from public records,published reports and other sources but may not be exhaustive.Selections were based on sale prices for closings since Oct. 15,2009.

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Biggest Deals: Retail

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Biggest Deals: Office

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Biggest Deals: Hotels

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Biggest Deals: Industrial

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Biggest Deals: Multifamily

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Biggest Deals: Land

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