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million, or $203 a square for 31 units at the 1060 Brickell condominiumin Miami'sw financial district, Bal Harbour-based brokerage The group, headed by Carlos Mattos, paid cash for the four 22 one-bedroom units, and five two-bedroom unitz at 1060 Brickell Ave. It is the third bulk deal to clos e in downtown Miami sinceJuly 2008. The deal was completeed on June 17. In the last week, 1060 Brickelp has closed on the sale of 58 including the 31 that group – 1060 Brickell Apartments – picked up. By downtown Miami will have had 23,000 residential unitw introduced intothe area. Last summer, ’s Jorge Perez and privater equity-group , paid $36.
4 million, or $246 a square foot, for 146 unit in Related’s 50 Biscayne in downtown A Singer Island-based entity called Welcome Bay Inc. paid $13 or $200 a square last December for 60 units in the Marina Blue condominiumj tower located across the street fromthe . Condi Vultures Principal Peter Zalewski said the purchases by private equityu investors are an indication of thingsto come. “Hedge funds are 100 percenty about thespread sheet,” he explained. “Privats equity funds are 90 percent abouft spread sheets and 10 percent ontheir gut.
So they are more likeluy to go in there and pullthe
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