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.

3 Comments

  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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