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Commercial mortgage-backed securities tied to single office properties have brought in nearly $4B so far this year, making up a third of all single-asset CMBS investment in 2021, Bloomberg reports.

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Wells Fargo Bank provided the mortgage to CE Tamarac LLC, a joint venture between cypress equity investments and Eden Multifamily. The developers are led by Jay Massirman and Jay Jacobson in Miami.

The U.S. Department of Commerce’s Economic Development Administration has awarded a $2.7 million grant to the town of Plymouth to help it make infrastructure improvements needed to protect businesses …

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