Mark Meland, a partner with Meland Russin & Budwick in Miami
The buyer plans to renovate units and sell them for about $200,000 each — compared with a purchase price of $80,645 per unit.
January 09, 2018 at 02:02 PM
1 minute read
Meland, Russin & Budwick partner Mark Meland closed the $7.5 million purchase of some of the units at a condominium west of Delray Beach.
New York-based multifamily property investor ESG Kullen bought 93 of the 275 units at the Murano of Delray Beach at 15005 Michelangelo Blvd. southwest of Atlantic Avenue and Jog Road. The seller was USO Norge Murano LLC, which is affiliated with Norway-based Obligo. The deal closed Dec. 31.
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