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The Altman Family, who disposed of the real estate from its portfolio, had a 75,000-square-foot warehouse on the land. B6 Real Estate Advisors and Cushman & Wakefield represented on behalf of the seller.

The firm's expert economists identify major trends and offer predictions for the region in the coming year.

"We don't see a big economic downturn in 2020. The CRE market will hold its own," says Mitti Liebersohn, president and managing director of New York operations at Avison Young.

The $71.28 million permanent FHA financing enables the borrower to exit an initial bridge loan used for the purchase in November 2017 and to continue with large scale renovations.

"I give it 50-50," Bob Hart of TruAmerica says when asked if the company would be a net buyer or seller in 2020.

Together, the MGM Grand and Mandalay Bay comprise 9,743 rooms, three million square feet of meeting space and 300,000 square feet of casino space across 226 acres on the Las Vegas Strip.

Crocker Partners and PCCP teamed up to acquire two fully occupied buildings in Central Florida Research Park.

Miami trailed only Los Angeles as the priciest city to buy a home based on average income and housing costs.