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SINGER ISLAND CONDOMINIUM SALE NETS $120 MILLION

SINGER ISLAND, FLA. — Catalfumo Construction has sold more than half of the condominiums in a 242-unit Singer Island property to a joint venture of Lionheart Capital and Elliott Management Corp. for $120 million. The remaining units were already sold for prices ranging from $900,000 to more than $3 million. The 770,000-square-foot property is located at 2700 N. Ocean Drive on 8.8 acres of land. The two-building property features a heated pool, two fitness centers, two theaters, two business centers and two libraries.

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