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Prodigy Arm to Line Up Condo Buys

NEW YORK CITY-The new unit will represent foreign buyers and investors in their search for new residential condo developments.

By Cody Lyon | Updated on June 04, 2009

NEW YORK CITY-Rodrigo Nino, founder and president at Prodigy International, the international brokerage that markets individual condominium units for developers, has started a new company called Prodigy Network. The new entity, headquartered here, will instead represent buyers and investors in their search for new residential condo properties.

So far, Nino’s new firm has around $100 million in international dollars to go shopping for properties on the East Coast, primarily Miami and New York. The plan is for Prodigy Network to eventually buy around $500 million in properties.

Nino tells GlobeSt.com he’s looking for East Coast properties that range from $350,000 to $3 million per condo unit. He says his investors are mostly from Latin America, Asia and Europe and that the group is focused only on existing, standing and finished inventory.

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