Real estate blog entries tagged with bulk deal by Condo Vultures® LLC

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Home : Blogs : Condo Vultures® LLC : Strategies of the Condo Vultures® : Tag "bulk deal"

bulk deal: 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 … (0 comments)

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