search

The Real Deal Logo

Trending

H-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomChetrits have a problem in PassaicChetrits have a problem in PassaicHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
South Florida

Brickell office market heats up

Brickell Avenue
Brickell Avenue

Office buildings along Miami’s Brickell Avenue are being seen as good investments again after getting the snub during the real estate downturn, the Daily Business Review reported.

Sign Up for the undefined Newsletter

Two office buildings have changed hands for a combined $254 million. The latest transaction, on April 10, was the sale of Sabadell Financial Center for $184 million. A month earlier, Brickell Bayview Centre went for $70 million.

Market observers are wondering whether the transactions could help revamp the dormant financial investment area. [DBR] –Hayley Kaplan