JLL vice chairman buys Apogee condo in South Beach for $6M

Unit sold for $2,322 psf

Miami /
Apr.April 06, 2021 11:30 AM
JLL's Gregory and Apogee at 800 South Pointe Drive, Miami Beach (Google Maps, iStock)

JLL’s Gregory and Apogee at 800 South Pointe Drive, Miami Beach (Google Maps, iStock)

A JLL vice chairman bought a unit at Apogee in South Beach for $6.4 million.

Gregory Lubar and his wife, Stacey, purchased unit 702 at 800 South Pointe Drive in Miami Beach from Thomas Olausson, records show.

Gregory Lubar is vice chairman and international director for brokerage in JLL’s Washington, D.C. office, according to its website. Prior to JLL, Lubar was a managing director at The Staubach Company. JLL and The Staubach Company merged in 2008.

Stacey Lubar is vice president of development for the Washington, D.C.-based Anchor Fund, an organization that supports victims of domestic abuse and sexual violence.

Property records show the seller, Olausson, through Nordic Lion LLC, purchased the unit for $3.2 million in 2010. He later transferred ownership to his name in 2011.

Olausson listed the 2,756-square-foot condo in May for $7.4 million. The asking price dropped to $7.2 million in December. Blanca Wall with You Realty represented Olausson.

The unit sold for $2,322 per square foot.

The three-bedroom, three-and-a-half-bathroom condo also includes an air-conditioned two-car garage, according to the listing.

Apogee, developed by the Related Group in 2007, has had several sales recently. Among them, a managing partner of a hedge fund bought a condo for $13.7 million, and the head of a private equity firm paid $11.5 million for a unit. Also this year, a former Hyatt Hotels president sold his unit for $7.5 million.





    Related Articles

    arrow_forward_ios
    What’s an Airbnb worth? Suit seeks nearly $3M price drop for Miami Beach building without short-term rental permit
    What’s an Airbnb worth? Suit seeks nearly $3M price drop for Miami Beach building without short-term rental permit
    What’s an Airbnb worth? Suit seeks nearly $3M price drop for Miami Beach building without short-term rental permit
    David Gebbia and renderings of the property (Realtor.com, Getty)
    Real Housewife of Beverly Hills’ ex-husband buys non-waterfront Palm Island house for record $6M
    Real Housewife of Beverly Hills’ ex-husband buys non-waterfront Palm Island house for record $6M
    Dave Grutman and Jeffrey Soffer
    WATCH: Jeffrey Soffer and Dave Grutman talk post-Covid concepts and branching into the Vegas market
    WATCH: Jeffrey Soffer and Dave Grutman talk post-Covid concepts and branching into the Vegas market
    Inset: Jay Philip Parker, Alicia Cervera Lamadrid, Edgardo Defortuna
    Real estate developers, brokers court Art Basel Miami Beach attendees
    Real estate developers, brokers court Art Basel Miami Beach attendees
    South Florida by the numbers: Winter sports heat up market
    South Florida by the numbers: Winter sports heat up market
    South Florida by the numbers: Winter sports heat up market
    Michael Huffington and the condo building (Getty, Eighty Seven Park)
    Michael Huffington sells Eighty Seven Park condo for $11M a year after purchase
    Michael Huffington sells Eighty Seven Park condo for $11M a year after purchase
    Vineyard owner sells Venetian Islands home to investment firm founder for $15M
    Vineyard owner sells Venetian Islands home to investment firm founder for $15M
    Vineyard owner sells Venetian Islands home to investment firm founder for $15M
    Corcoran’s Julian Johnston, Luxe Living Realty’s Dora Puig, One Sotheby’s’ Jeff Miller, Douglas Elliman’s Dina Goldentayer and Douglas Elliman’s Oren Alexander
    WATCH: Top luxury brokers go head to head at TRD’s Miami event
    WATCH: Top luxury brokers go head to head at TRD’s Miami event
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...