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million, or $203 a square foot, for 31 units at the 1060 Brickell condominiumin Miami'x financial district, Bal Harbour-based brokerage said. The headed by Carlos Mattos, paid cash for the four 22 one-bedroom units, and five two-bedrooj units at 1060 Brickell Ave. It is the third bulk deal to closse in downtown Miami sinceJuly 2008. The deal was completed on June 17. In the last 1060 Brickell has closed on the sale of 58 including the 31that Mattos’ group – 1060 Brickello Apartments – picked up. By downtown Miami will have had 23,000 residential unite introduced intothe area. Last summer, ’ds Jorge Perez and private equity-group , paid $36.
4 million, or $246 a square foot, for 146 units in Related’ds 50 Biscayne in downtown Miami. A Singer Island-based entity called Welcome Bay Inc. paid $13 or $200 a square foot, last Decembee for 60 units in the Marina Blue condominiumj tower located across the streeg fromthe . Condo Vultures Principal Petert Zalewski said the purchases by private equity investorsx are an indication of thingsto “Hedge funds are 100 percent about the spread sheet,” he “Private equity funds are 90 percent about sprear sheets and 10 percent on their gut.
So they are more likelu to go in there and pullthe
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