Join us at the Eden Roc Resort in Miami for our conference where top multifamily executives from the east coast talking about the Apartments market from Miami to Boston (everything east of Texas). Covering the hottest topics in financing, investment, brokerage, development and property management, our industry leaders will give the highest level views on this hot property type at RealShare APARTMENTS EAST on March 3-4.
MIAMI-FirstBank Puerto Rico has found a buyer for a stalled development site situated in Miami-Dade County at an 81% discount. The bank, which has been holding the property for two years, sold it to Strawberry Fields of Kendall, managed by Karl Wiegandt and G. Lynn Chaffin, for $487,500.
The bank took the property, located at 12808-12889 S.W. 246th St., in 2010 after foreclosing on the property's $2.5-million mortgage. R&E at Palm Vista II, the previous owner, planned to construct 92 homes on the site. For the full story, go to South Florida Business Journal .
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