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Hiten Samtani ๐Ÿ—ž๏ธ
@hitsamty
Founder @ ten31 Media. Co-host @thepromotepod . Sign up for The Promote - CRE's most plugged-in and entertaining email โ€“ now ๐Ÿ‘‡
๊ฐ€์ž… March 2009
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The other side of this transformative deal is that it represents probably the most extraordinary exit on a land assemblage in modern CRE history. Moishe Mana is selling the dirt for this Wynwood CMU campus to Ken Griffin for north of $1 billion. He started assembling these properties in 2009, paying $18 to $20 a foot in the early days, per TRD. And it sounds like about $70 million for the entire parcel is what he paid. He's selling it for $1.1B. Pretty wild.
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