Florida Real-Estate Investor Has Huge Week With Nearly $99 Million in Property Sales

Source: The Wall Street Journal — 

Hot on the heels of a $44 million deal to sell a pair of Bal Harbour, Fla., properties to WeWork founder Adam Neumann, Florida investor Joseph Imbesi has made another major sale.

Mr. Imbesi closed on a nearly $55 million deal to sell a 2-acre parcel of land on a peninsula at the mouth of the Bal Harbour Yacht Club marina, according to the local multiple listings service. It is one of the highest prices ever paid for land in the area, records show.