Private investor buys 21 units at Marina Blue - South Florida Business Journal:

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Miami Beach-based 21 Marina Blue LLC, whichn Mattos heads, closed the deal on June 23. Mattods paid a blended price of $196 a squaree foot for the package, whichy included mostly two-bedroom units and a penthousew apartment, according to Condo Vultures Realty. The Marina Blue condominiuj tower is at Northeast Eighth Streetr andBiscayne Boulevard, in downtowjn Miami. Jorge Mattos is a business partner ofCarlosd Mattos, who paid a little more than $6 million for 31 unitss at 1060 Brickell Ave., in Miami’s financial on .
By 2010, downtow Miami will have 23,000 residential Despite the volume and the great number ofunsolxd units, only a trickle of bulk deals have closecd in the last year – much fewed than expected as the real estatre meltdown took hold. Peterf Zalewksi, principal of Bal Harbour-based brokerage Condo Vultures Realty, said locakl players have dominated bulk buys in downtow Miami so far because they know the marketf and are more willing to take the risk in this Last summer, Related Group CEO Jorge Perez and privatew equity group paid $36.4 million, or $246 a square for 146 units in Related’s 50 Biscaynes in downtown Miami. A Singer Island-based entity, Welcomse Bay Inc.
, paid $13 or $200 a square in December for 60 unitsw in theMarina Blue, which is locatedr across the street from the . Zalewskj is said to have been involved in the brokerage ofthe