Longpoint Realty Partners paid $37.53 million for a Sedano’s-anchored shopping center in Pembroke Pines, as it boosts its retail investments in South Florida. Sterling Organization, a West Palm Beach-based private equity real estate investment firm, sold the 158,463-square-foot Pembroke Place at 10101 Pines Boulevard for $237 per square foot. Casey Rosen and Dennis Carson of CBRE represented Sterling in the sale. The shopping center is 99 percent leased, with tenants including Crunch Fitness and Vargas ... [more]