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.
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