Thursday, July 14, 2011

Trump Hollywood hits $90M in sales

Trump Hollywood

After six months of new ownership, Trump Hollywood has sold 64 condos for a total of $90 million, according to Miami-based BH3. The company relaunched the development in January. "We're very enthused about the pace of sales activity," partner Greg Freedman said. "We're ahead of our projections." While 20 units at the project are still owned by Related's Jorge Perez, the project is just under half-sold. Perez deeded the tower back to the lender in the fall, and BH3 paid $160 million for the mortgage. [Sun Sentinel]

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