158 Miami Condos sold for $113,000 each
A partnership of Armco Capital Inc. and Southwest Properties Ltd. paid $17.9 million in cash for 158 units to Goldman Sachs who had aquired the property in foreclosure. The original developer paid roughly three times that amount for Downtown Dadeland, a seven-tower residential and retail development in Kendall, Florida, about six miles south of downtown Miami.
Tags: miami condos