The Real Deal Miami

Trump Hollywood units go for under $1M apiece at auction

April 07, 2011 02:17PM

The same entity that purchased the mortgage on 175 units at Trump Hollywood for $160 million has now taken title to the condominium portfolio with an uncontested, $100 million bid in an online auction. That’s around $914,285 per unit. The condos were previously listed at prices ranging from $933,900 to $2.87 million with Sunny Realty. Miami’s Related Group had previously announced that it would clear liens on the property by selling off the units at auction as part of a $173.3 million foreclosure judgment. [SFBJ]