Adam Neumann Acquires Bal Harbour Development Site From Joseph Imbesi For $44M

Adam Neumann has purchased a development site in Bal Harbour for a total of $44,000,000. The property was sold by Joseph Imbesi. The transaction took place on June 18, 2021. The market in which the property is located is also Bal Harbour. The asset type of the property is a development site. The sale was facilitated by Brett Harris of Douglas Elliman, who represented Adam Neumann as the buyer's representative. Tony Imbesi served as the seller's representative in the deal.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $44,000,000
• Market: Bal Harbour
• Buyer: Adam Neumann
• Seller: Joseph Imbesi
• Buyer's Representative: Brett Harris - Douglas Elliman
• Seller's Representative: Tony Imbesi
• Date: June 18, 2021

Adam Neumann, the co-founder of WeWork, has acquired a development site in Bal Harbour for $44,000,000. Joseph Imbesi was the seller of the property. Brett Harris from Douglas Elliman represented Adam Neumann as the buyer's representative, while Tony Imbesi served as the seller's representative. This transaction took place on June 18, 2021.