With the commercial real estate markets remaining soft, a recent acquisition may bring hope for some real estate investors. A real estate investment trust, Parkway Properties Inc., based in Orlando, Florida, recently purchased a Class A office building in Tempe, Arizona, adding to its growing investment fund portfolio.
Commercial real estate market expected to remain soft
While the housing market has been struggling nationwide, there are problems on the horizon in Florida with commercial properties trying to refinance, sell or recapitalize.
Financial giant wants to acquire Florida's BankAtlantic
Financial behemoth Branch Banking and Trust has announced it wants to go ahead with its purchase of Florida's BankAtlantic, even though there are several legal concerns in the way.
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