FL: Investors Buying Up Fort Lauderdale Condos

Fort Lauderdale CondosInvestment groups completed two more Broward County bulk condo deals in the past week.

Last Friday, Miami-based Sonata Grand LLC, headed by Pierre Heafey, spent $9.7 million, or $173 a square foot, for 22 units at Sonata Beach Club in Pompano Beach, according to CondoVultures.com, a real estate consulting firm.

This week, Village East Investment LLC paid $7.65 million, or $121 a square foot, for 68 units at Village East in downtown Fort Lauderdale.

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Full Story from The Sun Sentinel

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