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Real estate investors should never forget to conduct their due diligence even if a potential deal appears tempting. There are warning signs that a commercial real estate deal is not as good as it looks and should be closely scrutinized or even avoided.

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A local industrial property used by a manufacturer of high-end tobacco products sold for over $15.5 million. The sale was part of a broader deal between two investment firms. The selling firm originally bought the property for $14.8 million about a year ago.

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The St. Pete Catalyst’s “Influencers” series features local business leaders who are making a positive impact in St. Pete. Read an excerpt from Larry Silvestri’s Q&A for the series in this article.

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