Cima Condo Site Sells For $27.5 Million

The site where a condo tower called Cima has been proposed was sold for $27.5 million. The sale closed on August 20th.

The seller is Great Neck, NY conglomerate First Quality.

The buyer is New York based KAR Properties, controlled by Shahab Karmely.


  1. Joe Hernandez

    August 24, 2013 at 2:43 pm

    I represented the buyer. David Tawfik is not involved in this transaction. Thanks.

    • exMiami Staff

      August 24, 2013 at 10:17 pm

      Thanks, post has been updated.

    • Max

      September 5, 2013 at 4:22 pm

      IF there are plans for any Hotel on this site I would be interested

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