Andrew Elfmont President of Elfmont Associates today announced the closing of a 112, 795 Square Fooddistribution warehouse property, which is located within Transal Business Park which is a prominent Class A Business Park in the Airport West area of Miami, that is anchored by the Inter-Continental Hotel at Doral. The buyer of the property was SPG Transal Park LLC which is a partnership between the Seagis Group and the Easton Companies. The seller of the property was Avante LTD. Elfmont Associates, Inc, was the exclusive Broker for the Seller. Previously, Elfmont had handled all prior real estate sales that the seller has undertaken in Transal Park. The closing took place December 2010.

Financial Repression is new expression that has hit the financial air waves in the last several weeks. Interestingly, I have myself just learned of it one week ago, where in a matter of one week; I read first an article that explained the idea behind it, which was then followed up by a live interview on TV. This was then climaxed at the end last week, where I read an article about how the FDIC had instituted a new regulation, which in effect is limit is the supply of short term treasure bills, which was the explanation given for the recent quick drop in short terms interest rates.