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Real Estate Rumors: Blackstone, Hubb NYC, Under Armour

By Andrew McIntyre (July 20, 2016, 2:29 PM EDT) -- An affiliate of Blackstone Group LP has acquired an 871-unit apartment complex in North Miami for $117 million, according to a report on Wednesday from the South Florida Business Journal. The firm has picked up the so-called Portofino at Biscayne, located at 1820 N.E. 142nd St., from an entity managed by Stellar Management Inc.'s Laurence Gluck, the journal said. Blackstone received $89.96 million in financing from Wells Fargo Bank NA for the purchase, according to the report....

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