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The Real Deal Miami

Ritz-Carlton Palm Beach sells 60 percent of units

March 26, 2012 10:30AM

The Ritz-Carlton Residences Palm Beach

Premier Sales Group’s Carolyn Block Ellert and Laurie Ingber utilized a prior relationship with Ritz-Carlton to help transform the former 2700 North Ocean into a new residential condominium, the Palm Beach Post reported. The firm has helped lead the project, which was purchased by Lionheart Capital in 2010, to sell almost 60 percent of its units. Leadership author John C. Maxwell even paid $4.15 million for a unit recently, although Ellert and Ingber estimate it could take another two years to sell out the project. [Palm Beach Post]