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Fractured Condo Sells for $1.6M

SARASOTA, FL-Ashley Bloom Sperry Van Ness/Commercial Advisory Group tells GlobeSt.com, more banks in the Greater Tampa Bay area are beginning to market the summary judgment of foreclosure.

By Jennifer LeClaire | Updated on November 24, 2010

SARASOTA, FL-Sperry Van Ness is exercising its distressed multifamily consulting muscles. The Sarasota office’s Commercial Advisory Group is on a roll with recent sales in the Southwest Florida market.

Sperry Van Ness represented the buyer, Stone Creek Apartments, in the acquisition of 64 condo apartment units located near the campus of the University of South Florida in Tampa. Fernando Garcia, a partner at Miami-based Dumonde Consulting, represented the bank, FirstBank Puerto Rico. Stone Creek Apartments acquired the summary judgment on the units in a $1.6 million all-cash deal. Garcia could not immediately be reached for comment.

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CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

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