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PBV Logistics Center purchased the multi-building center in a 1031 exchange following its disposition last month of a 526,320-square-foot industrial property in Winston-Salem, NC.
The Labor Department reported that 214,836 workers filed for unemployment during the week of March 29-April 4, up from 206,253 the week earlier (March 22-28) and 155,815 during the week of March 15-21.
Brennan Investment Group purchased five buildings in different locations and then sold them to a local Florida investor through Brennan's national buyer contacts.
The order also mandated specific protections and policies for all essential retail, manufacturing, and warehousing businesses, as well as businesses engaged in essential construction projects.
Prior commitments are still being honored, however, new loans are effectively not available to all, only a few preferred customers and the private lending market is active, but pricing has increased substantially.