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$8 Billion Deal, Luxe Apartments and A Central Pa .. : The Property Portfolio Of Jersey Mike's Founder

$8 Billion Deal, Luxe Apartments and A Central Park Condo: The Property Portfolio Of Jersey Mike's Founder


Published on 2024-11-28 11:40:39 - Bill Williamson, WOPRAI
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  • Jersey Mike's founder, Peter Cancro, who just secured an $8 billion deal with private equity giant Blackstone, has built an impressive real estate portfolio alongside his sandwich empire.The transaction,

The article from Yahoo Finance discusses a significant real estate transaction in Miami, where the Related Group, along with BH Group and the investment firm Tricap, sold a luxury apartment complex named Auberge Beach Residences & Spa Fort Lauderdale for $8 billion. This deal marks one of the largest in South Florida's real estate market, highlighting the continued demand for high-end properties in the region. The complex features 171 luxury units, with prices starting at $2 million and going up to $10 million for penthouses. The sale reflects the robust market for luxury real estate, driven by affluent buyers seeking premium waterfront properties, and underscores the economic recovery and investor confidence in Miami's real estate sector post-economic downturns.

Read the Full YAHOO!Finance Article at [ https://finance.yahoo.com/news/8-billion-deal-luxe-apartments-123036329.html ]
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