Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Miami condo blowout: choice properties purchased for 94% discount
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Friday, July 24, 2009
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From Clusterstock:

We've seen lots of wild haircuts in the world of real estate, but nothing like this.

Condovultures: 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.

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Topics: Housing | Real Estate
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