Economy

March 16, 2010

Miami condo deal nets $200,000 profit in just 20 minutes

A bulk buyer purchased 19 units in a Miami condo development at 1:25 p.m. March 5, paying $1.25 million. At 1:45 p.m., the buyer sold the units to another corporation for $1.45 million. It may have been one of the quickest profits ever in Miami's condo market.

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