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MIAMI— This South Beach hotel last sold to East Coast Realty Ventures for $19 million in 2007. Now, the seller is asking $31.5 million. Get all the details.
BOSTON—After voters overwhelmingly defeated a ballot question to repeal the state's gaming law, the Massachusetts Gaming Commission unanimously approved resort casino licenses to affiliates of MGM and Wynn Resorts.
NEW YORK CITY—The Al-Qaeda of 2014 is no longer centralized, “but rather an affiliate organization of groups that are both allies and foes,” counterterrorism expert John Gordon told a BOMA New York audience.
PHOENIX—Institutional Property Advisors, a division of Marcus & Millichap, has arranged the sale of Level at Sixteenth, a 240-unit apartment complex located on more than four acres at 1550 E. Campbell Ave. in Phoenix.
IRVINE, CA—AHI tells GlobeSt.com the firm will maintain management of the $3-billion Griffin-American Healthcare REIT II portfolio after it merges with NorthStar Realty Finance and will manage most of NorthStar's healthcare portfolio.
BOCA RATON, FL—“Property performance and investment activity in South Florida's office sector is heating up across the board,” says Avison Young's Jonathan Senn.
PHOENIX—James DuMars, senior vice president and managing director of NorthMarq Capital's Phoenix based regional office has assisted the Perry family with financing placements on two premier Scottsdale office buildings totaling a combined $28.4 million.