The Real Deal Miami

Genting obtains Omni note

September 09, 2011 09:34AM

Genting,
which purchased
the Miami Herald’s headquarters
, along with another
nearby tract
, has obtained one of two bank notes on the downtown
Omni property. The principal balance on the note, whose acquisition was
confirmed by a company spokesperson, is $45 million. The other note on
the Omni was acquired by a group
of investors including Related’s Jorge Perez
. “I think their vision
is pretty big,” said Miami City Commissioner Marc Sarnoff. “They’re
here to stay and they’re here to build.” [Miami
Herald]