Regions Southeast | Miami
Cousins Properties, The Related Group Complete Sale of Residential Units in Miami
Aug 5, 2008

Cousins Properties Inc. has announced that it and partner The Related Group have closed on the sale of the remaining 120 residential units at 50 Biscayne, a 54-story, 528-unit luxury condominium tower in Miami, Fla. The buyer is a partnership of The Related Group and private equity firm Lubert-Adler Partners. The units went for $30 million. The sales ends Cousins’ involvement in the tower’s residential units but the Cousins/Related partnership continues to own seven commercial condominium units in the building.

 
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