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Big in Miami

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Let's head to Miami where a local blog reports that Richard Meruelo, head of Meruelo Maddux Properties, just sold a big home at 5745 Pinetree Drive in Miami Beach for $4.6 million. Meanwhile, today is the day a bankrutpcy judge will decide whether Meruelo can keep that green-hued rental tower on Ninth Street, or whether investors can begin foreclosing on the property. [Miami Beach Blog]