The Real Deal Miami

WCI unloads Pompano Beach property

December 02, 2009 12:36PM

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Financially battered WCI Communities has sold its Pompano Beach Oceanside property, including a 17-story luxury condominium, for $38.5 million, the company announced yesterday. The buyers were Ari Pearl, a Hollywood developer, and his investment partner the Chetrit Group, who will also get an adjacent oceanfront plot of land. Cushman & Wakefield’s condominium specialist team handled the sale. TRD

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