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.
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.
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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