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Fund sells Pembroke Pines condo for $28.25 million

Daily Business Review

December 5, 2012

A fund established by the partnership of Miami-based Related Group and Lubert-Adler at the height of the recession to acquire distressed properties has sold 240 units at The Marquesa condominium in Pembroke Pines for $28.25 million. The transaction closed Nov. 30.

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