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March 26, 2007

Commercial properties are sizzling in Palm Beach County, Florida

Florida's Palm Beach County is still scorching hot when it comes to commercial real estate. So hot, in fact, that pension fund adviser, Lionstone Group, of Houston just purchased a 100,000-square-foot, mostly empty, shopping center there. According to a study by NAR and Torto Wheaton Research of Boston, "Palm Beach County's industrial vacancy rate for the first three months of the year will be 4.7 percent. That is the second lowest vacancy rate in the country, behind Los Angeles' 4.6 percent.

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