X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

After bringing Brickell BayView Centre from 60% to 93% occupancy, LNR Property and its partners are selling the 33-story, 286,000-sf building for what could be as much as 63% more than its purchase price in 1998.

The asset’s marketing agent, Sonnenblick-Goldman, expects to get $39 million or $136.36 psf that LNR bought 2½ years ago from Japan Development Corp. for $23.9 million or $83.57 psf.

The building’s location at 80 SW Eighth St. is a hot tenant demand area and across the street from a retail/entertainment center planned by a joint venture of New York City-based Millennium Partners and local developer Terremark Worldwide.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.