From the South Florida site: A sprawling seaside estate in Coral Gables, Fla. has sold for $11.5 million to Karim Alibhai of Gencom Group, marking the most expensive single-family home sale year-to-date in Miami-Dade county, The Real Deal has learned. Alibhai helms Miami-based hotel and resort developer Gencom, which has built a number of projects under the Ritz-Carlton flag. [more]
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South Florida home sells at discount to hotel developer Karim Alibhai

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