A-M-A-Z-I-N-G
Bubble, bubble, bubble?
Deal amounts to more than $43,000 per space.
"A San Diego-based real estate investment trust is paying $55 million for a parking deck west of the Renaissance Center downtown.
The deck, which has 1,275 spaces, is being purchased by an entity affiliated with MVP REIT Inc. from Center Parking Associates Limited Partnership, which is registered to Bloomfield Hills attorney Lawrence Jackier.
The purchase price amounts to $43,137.25 per space."
http://www.crainsdetroit.com/article...for-55-million
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