search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal
South Florida

Melo president buys double-condo at Blue Diamond

Blue Diamond towers and Melo family: Martin Melo, Jose Luis Ferreira de Melo and Carlos Melo
Blue Diamond towers and Melo family: Martin Melo, Jose Luis Ferreira de Melo and Carlos Melo

Carlos Ferreira de Melo, president of Melo Development, bought a double-condo unit in Miami Beach’s Blue Diamond tower recently.

The 3,630-square-foot property on the 34th floor sold for $3.79 million, property records show — the most for a unit in a building this real estate cycle, the Daily Business Review reported. It last sold for $2.5 million in 2014.

Sign Up for the undefined Newsletter

The Melos, from Argentina, have a history with Blue Diamond, according to the Daily Business Review. Jose Luis Melo bought a unit in 2003 and Martin Melo has a unit on the 29th floor.

The four-bedroom, four-bathroom unit has waterfront views of the Atlantic and the Intracoastal. [Daily Business Review] — Katherine Kallergis

Tags
Real Estate CompaniesReal Estate Groups