Penthouse at Eighty Seven Park in Miami Beach sells for $37M (Photos)

The penthouse in the new Eighty Seven Park condo in Miami Beach sold for $37 million, a record for the building, but short of the record-setting price the developer had initially hoped for.

8701 Collins Development, a joint venture by developers Terra, Bizzi & Partners Development, Great Eagle Holdings, and New Valley LLC, sold unit PH1 atop 8701 Collins Ave. to Miami 360 LLC, managed by Coral Gables attorney Joseph M. Hernandez. It’s not clear who ultimately controls the LLC. The deal included…

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