Contact Us
How Can We Help You?

Please, leave us your message.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Miami Bulk Condos Happening!

Cashflow In Miami
January 31, 2021

Miami bulk condos happening!

777 N Ocean dr , Hollywood Beach

There was originally supposed to be a bankruptcy auction for the 52 unsold condo-hotel units and the common areas of the hotel at 777 N. Ocean Drive. However, no qualified bids were received by the Aug. 13 deadline.  Madison Realty Capital, was approved to acquire the unsold units and common areas. The $43 million bid was based on credit owed by the debtor.  

The 274 units previously sold to investors were not included in the deal. However, 777 N. Ocean Drive LLC has the authority to hire a hotel management firm for the property.  

The resort owner filed Chapter 11 reorganization in September 2019 to stay a foreclosure lawsuit.  

6060 Indian Creek dr , Miami Beach

Integra just closed on an $11.5 million purchase of 65 units  . Integra also paid $50,000, each, for three units owned by Setter LLC, managed by Alan Lieberman. It also bought a unit from Oded Tabachnik of Encino, California, for $70,000.

Integra intends to buy all 82 units of a Miami Beach condo-hotel that was once the subject of a fierce foreclosure battle, already spending $15 million for about 80 units.  The partnership is still deciding if the hotel will partner with a brand to make improvements to the building.Hotel is planning relaunch next season.


Latest Posts

Read More

These Investors Made Great Moves

1.46-acre site at 733-745 N. Andrews Ave. can be redeveloped into a 12-story mutlifamily and was acquired for $2,5 million!!That took place in 2017 by 745 North Andrews Avenue LLC, which is managed by Bingsong Li, Xiaokai Shen, Jesse C. Pan in Parkland.

Read more
Read More

Where is that $200 million mansion in Florida?

Todd Michael Glazer and partners are after the highest ticket mansion. Glazer and Jim Randall, Scott Robins and Jonathan Fryd, acquired the home for $85 million. The 1939 built mansion will go through the renovation and will be ready invite the new owner. One of the kind island estate boasts 2.27 acre with 5 bedroom mansion and , i wonder if the helicopter pad is going to get added?

Read more
Read More

New luxury single family homes coming up west Griffin!

CC Homes purchased a home development site in Southwest Ranches for $11.5 million.

Read more
Read More

Eastern Shores has preconstruction bayfront townhomes for sale!

4098 NE 167 STREET NORTH MIAMI BEACH, FL 33160 Eastern Shores has preconstruction bayfront townhomes for sale!

Read more