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PMG, Terra, Alliance, Amancio Ortega, CP, YMP Real Estate Score Leases
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Patrick Bet-David Buys Broward Office Buildings For $9M
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Feldman Equities bought the Pinnacle Corporate Park office complex in Fort Lauderdale for $58.9 million.
The Tampa-based investor bought the two buildings at 500 and 550 West Cypress Creek Road from a fund managed by DRA Advisors in joint venture with Banyan Street Capital, according to a news release. The deal breaks down to $226 per square foot. Brokers for the seller said it ranks as the highest price per square foot in Fort Lauderdale’s Cypress Creek submarket over the past decade.
Avison Young’s John Crotty and David Duckworth represented the seller in the deal. They credited the sale’s high value to their marketing of the parking lot as developable.
Tuesday s Daily Pulse
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Friday s Afternoon Update | 5/14/2021
DeSantis and lawmakers near deal on Florida gambling: Hello sports betting
Gov. Ron DeSantis is close to nailing down a long-sought gaming deal with the Seminole Tribe of Florida that would expand gaming in tribal facilities and usher online sports betting into the state for the first time. The gaming compact if ratified by the state Legislature next week and later approved by federal regulators would make Florida the largest state in the nation to legalize sports betting, and the Tribe would be the exclusive operator of the digital sports books in Florida for the next 30 years. More from the Tampa Bay Timesand the South Florida Sun-Sentinel..