Todd Glaser, partner seek $169M flip of waterfront Miami Beach estate 

Spec home developer Todd Michael Glaser and the Posner Group are looking to flip for $169 million the waterfront Miami Beach estate they bought for $105 million in July — equating to a 60 percent markup. They also listed the property for rent, asking $495,000 a month.  Developer Sonny Kahn, a founding partner at Miami-based Crescent Heights, and his wife, Suzanne, sold the 2.3-acre estate at 5940 North Bay Road last month. The deal had been in the works for about six months. Glaser’s investor and partner, Jarrett and Sean Posner’s firm, financed the purchase. Glaser could sell or rent […]This article originally appeared on The Real Deal. Click here to read the full story.