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Real Estate Rumors: JP Morgan, Facebook, Robert W. Baird

By Andrew McIntyre (June 13, 2017, 12:25 PM EDT) -- An entity managed by J.P. Morgan Investment Management has sold an apartment complex in Miami to an affiliate of Wafra Investment Advisory Group for $78.15 million, the South Florida Business Journal reported on Tuesday. The deal is for Milagro Coral Gables, a six-story property that has 407,265 square feet and is located at 2263 S.W. 37th Ave., the journal said. The buyer received $41 million in financing from Prudential Insurance Co. of America, according to the report....

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