Last Updated: February 19, 2006 02:54pm ET

UPDATE: MCZ/Centrum Buys One Flamingo Tower for $164M, Puts Two On Hold

By Marita Thomas

MIAMI-In potentially its largest multifamily buy in Florida to date, the Chicago-based JV acquires the 562-unit South Tower of Flamingo South Beach Apartments from Aimco and places a $5-million option on the remaining 1,127 units.

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