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The five-year mortgage allowed the property’s developer and owner, a venture of Graves Hospitality of Minneapolis… Commercial Real Estate Direct Staff Report Rents for retail space in the 16 retail corridors tracked by CBRE declined by 1.2 % within the fourth quarter, to $597/sf. Atlanta Business Chronicle Blackstone Group has bought Reserve at Decatur, a 298-unit house property in suburban Atlanta, for $100.three million, or about $336,577/unit. The New York investment giant purchased the property from an undisclosed vendor. Rise48 Equity has paid $96.four million for a pair of condo properties with 365 items in Phoenix.
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