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Real Estate Rumors: JP Morgan, Hollywood, Fla., Elion

By Andrew McIntyre (July 2, 2020, 5:01 PM EDT) -- A venture of J.P. Morgan Asset Management and Alterra Property Group has landed $120 million in financing for a Philadelphia mixed-use project, Commercial Observer reported on Thursday, citing sources with knowledge. The loan from Bank OZK and Lionheart Strategic Management is for 510 N. Broad St., where the venture is building 410 apartment units as well as retail and commercial space, according to the report....

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