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bal harbour: Bulk Deal Closes At 94% Discount In South Florida - 07/26/09 03:42 PM
A South Florida private equity group purchased 51 new, oceanfront condo-hotel units in the luxury One Bal Harbour complex at $63 per square foot, a discount of 94 percent off of the $1,100 per square foot average recorded sales price, according to a new report from Condo Vultures® LLC.Elcom Condominium LLC with Jorge E. Arevalo and Thomas D. Sullivan in South Miami paid $2.6 million for 41,047 square feet of saleable space in the 124-unit Regent Hotel tower located on the west side of the 26-story, trophy complex in exclusive Bal Harbour.Bankrupt residential development company WCI Communities, Inc., based in Bonita
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bal harbour: Bulk Buyer Pays $277 PSF For Oceanfront Condo Units - 01/11/09 12:14 PM
A South Florida private equity fund has paid $277 per square foot for 101 units in the Related Group's Harbour House oceanfront condominium conversion in wealthy enclave of Bal Harbour, Fla.A Florida entity called HH Condominium Investments LLC, with Thomas F. Daly as president and former Miami Beach City Manager Christina M. Cuervo as the registered agent, paid $27 million for an average of $268,000 per unit in the 16-story, Y-shaped tower, according to the South Florida Business Journal.A year earlier in 2007, a Florida entity called HH Condo Holdings LLC, with Christina M. Cuervo as the registered agent and a
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