Most of the South Florida condo inventory from the last construction boom has been absorbed, yet bulk condo sales will continue through 2014, tied to inventory from failed conversions, according to Franklin Street Services' David Reinke (snapped with colleagues Elliot Shainberg and Deme Mekras to his left). Recently Franklin Street brokered the sale of 102 multifamily units for a total of more than $8M, located in three different properties in Miami, Hialeah, and Hollywood Beach. All of the buyers were foreign investors. (That's more fun, because the money is different colors.)
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