The Real Deal Miami

Herald backs away from Miami River relocation

January 18, 2012 04:30PM

After selling its headquarters to Genting, the Miami Herald has been in talks to relocate to the former headquarters of Bertram Yachts. But the South Florida Business Journal reported those negotiations have stalled and probably won’t be restored.

The Journal speculated that the talks broke down because of the underwriting challenges facing a speculative building for a tenant in the diminishing print media industry. The property in question, Miami International Centre, is 21 acres and includes more than 400,000 square feet of manufacturing and marina facilities.

Now, the Herald will renew its search with broker Tere Blanca of Blanca Commercial Real Estate. The Journal said it may look to the U.S. Souther Command in Doral. [SFBJ]