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Real Estate
 Marc Stiles Real Estate Editor |
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September 8, 2005
Real Estate Buzz: Miami condo converter targets Seattle
By MARC STILES
Real Estate Editor
Real Estate Editor
Anyone seeking tips on how to make a bold entrance should contact Joel Gamel. The Miami developer made a splash when he bought the Athena apartments for $21 million. Fifteen minutes after the contract was signed, 50 workers descended on the property in the Uptown neighborhood of Seattle to begin $500,000 worth of improvements.
Call it condo conversion, Gamel-style. Miami's South Beach knows all about it, and Seattle can expect to see more of it. It's made up of equal parts confidence, tenacity and speed. When Gamel sees a good bet, he pounces.
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Previous columns:
- Real Estate Buzz: Suite deal: buy an office in Tacoma, 09-01-2005
- Real Estate Buzz: Amazon on the prowl for more space?, 08-25-2005
- Real Estate Buzz: Developer PAC targets port race, 08-18-2005
- Real Estate Buzz: Clise no fan of LEED requirement, 08-11-2005
- Real Estate Buzz: Need a little tranquility? Call the Mastros, 08-04-2005
- Real Estate Buzz: A new price record for multifamily?, 07-28-2005
- Real Estate Buzz: Condo demand makes many new converts, 07-14-2005
- Real Estate Buzz: Molloy wants to sink North Bay plan, 07-07-2005