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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Slagle who wrote (62379)	4/21/2005 1:12:39 PM
From: shades	Respond to of 74559

I read here on SI in the past few days I think that many years ago this bank had merged and had like 22 branch offices it didn't need anymore and shut down - so this local real estate guy bought them up to sell them and made a ton of money in just a few months and he got in touch with some big broker and the early reits started - now I live north of tampa - and right after that cvs pharmacy/eckerd merge there are TONS of closed pharmacies in excellent high volume locations in my city - like 5 within a short drive from me, and they have been sitting empty for awhile - I don't know if that is true in tampa, or clearwater or sarasota - but if reits and commercial real estate were so good shouldn't these properties already have been snatched up and a new business in there paying rent?