Kolter, Perko near completion of controversial bulk condo buyout in Tequesta

The Kolter Group and Perko Development Partners closed on the majority of condos at a Tequesta building where they plan to develop a taller project.  Delray Beach-based Kolter and Jupiter-based Perko acquired 11 of 12 units at Beach Sound, at 19930 Beach Sound Road, according to property records and information from the real estate database Vizzda. The developers paid $25 million for the units, or about $2.3 million per condo.  One remaining unit, owned by Edward and Karen Rado, is tied up in litigation. The Rados sued the condo association and the developers a year ago over the proposed buyout […]This article originally appeared on The Real Deal. Click here to read the full story.