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.






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