The advisors to the seller were Jay H. Massirman, EVP; RobertGiven, VP, and Charles Crapse, senior associate in the Miami officeof CB Richard Ellis.

BCOM initially named the project Brickell Bay Village andenvisioned it as a rental property. However, in January 2002, priorto groundbreaking, the CBRE advisor team sourced Chicago-basedSkyline Equity, a developer and converter of luxury condos, tocontract the property as a pre-sale investment opportunity. Equitysigned and, Givens tells GlobeSt.com, Evangeline Goulitas, CEO ofMiami's Skyline operation, spearheaded the process of pre-sellingcondominiums. The property remained under contract to Skylinethrough construction and completed the purchase this month when thebuilding received its certificate of occupancy.

Givens says the condos "was almost sold out" at the time of theacquisition. Goulitas could not be reached by press time. Accordingto published reports, pre-construction prices for condo unitsranged from the $280,000s to more than $1 million. The 34-storybuilding is located on nearly 3.4 acres at 2101 Brickell Ave. Itincludes a private marina with 13 boat slips, 555 parking spaces, apool, business and fitness centers, sun deck, children's playgroundand 24-hour concierge. Units have floor-to-ceiling windows.