The Related Group and its partner, Atlanta-based Cousins Properties completed a bulk sale of the last 120 unsold units at 50 Biscayne, a 54-story, 528-unit luxury condominium tower in Miami, to a partnership between Related and private equity firm Lubert-Adler Partners. The condominiums sold for $30.3 million and end Cousins’ involvement in the residential side of the project, which is located at 50 Biscayne Boulevard. The Cousins partnership retains seven commercial condo units in the building.
Cousins, Related, strike Biscayne deal
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