MIAMI—One of the few remaining fractured condo projects in Miami has changed hands. HFF inked the sale and arranged financing for 39 unsold units at Gables Court, a 159-unit, class A condo in Miami.
HFF marketed the units on behalf of the seller, a locally-based real estate investor. 4831 Gables, LLC, an investment entity controlled by an out-of-state investor purchased the 39 units for $9 million.
The HFF team representing the seller was led by director Jaret Turkell, along with senior real estate analysts Scott Wadler and Maurice Habif. Jonathan Mann of Coldwell Banker also assisted the HFF team with the transaction.
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