NYC buyers lead Miami’s Canyon Ranch sales


New Yorkers are buying at Canyon Ranch in Miami

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From the South Florida website: In a departure from the general trend of foreigners purchasing in Miami, Canyon Ranch Miami Beach has seen a surge in sales, led by a substantial number of buyers from New York City. According to Michael Sadov, the sales director at Canyon Ranch, the property has sold 82 out of 433 units since October 2010, roughly a year after the project changed hands. Although he would not release the exact sales figures, Sadov estimated the total volume at around $75 million. [more]