2009-07-29nytimes.com

an investor from Colombia recently bought 31 units at 1060 Brickell for an average of $203 a square foot, according to Mr. Zalewski. Last week, however, a private equity group paid only $63 a square foot for 51 oceanfront condo-hotel units at the Regent Hotel in Miami Beach, he said. Previous units there had sold for $1,100 a square foot.

Good progress; but we are waiting for them to give units away for "free"... as long as the "buyer" pays the association fees.


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