Private equity firm CEO sells South Beach condo for $11M


A company managed by Howard Hoffen, chairman and CEO of private equity firm Metalmark, sold a condo in the Continuum on South Beach for $11.2 million.

Pinky Properties, managed by Hoffen, sold the 4,004-square-foot condo to 100 S Pointe DR LLC, managed by West Palm Beach attorney Gary Walk. It's likely that Walk represents the undisclosed owner of the LLC, which is a Delaware-registered company.

The condo has four bedrooms and 5.5 bathrooms. The price equated to $2,797 per square foot.

The…

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