Casino and hotel operator Caesars had been pushed to consider a sale by Icahn, its biggest shareholder.

The acquisition marks the company's fifth in the US in the past 12 months, with three sites under its belt in New York City, and a recent announcement that it had secured permits in Chicago for a 170,000-square-foot ground-up co-living project in The Chicago Loop.

The Miami firm has purchased 550 Biltmore, a 162,293-square-foot, Class A office building in Coral Gables. The deal calculated out to a purchase price of $336-a-square-foot, according to Cushman & Wakefield.

Landmarking is part of maintaining healthy neighborhoods—especially with retail, according to a Village Preservation, Greenwich Village Society for Historic Preservation recent study.