Southeast

The sale marks the first purchase in South Florida for Yair Levy, a New York-based investor and developer who has proactively diversified his portfolio of holdings after a contentious legal battle resulted in a ban from selling residential condominiums and co-ops in New York State in 2011.

The company will announce its plans for development at a future date.

The offering was oversubscribed by institutional investors from around the world.

These vehicles have been growing in popularity for years but in the last 12 months activity has jumped.

Republic Properties Corp. scooped up the 344-unit value add property.

The transactions illustrate the rapid strides advanced analytics and reporting and artificial technology are making into the commercial real estate space.

Morningstar believes that the flattening yield curve is not necessarily predicting an economic downturn.

Tenant expansions from a variety of industry sectors helps drive positive absorption.