Kirkland & Ellis, one of the largest law firms in the U.S., will open a Miami at 830 Brickell, the Class A+ tower nearing completion in the city’s Brickell Financial District. The firm signed a six floor, 115,000 square-foot lease at the tower, the largest new-to-market office lease signed in Miami in 2022. The 55-story tower will be 100% leased ahead of its delivery in early 2023.
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World-Renowned Spanish Master Architect Albert Campo Baeza's First U.S. Commercial Building THE FIFTH MIAMI BEACH To Launch Leasing And Break Ground
Sumaida + Khurana and Bizzi & Partners, two internationally recognized real estate development firms, will begin leasing and start construction in the coming months for their new Class A+ office building designed by renowned Spanish master architect Alberto Campo Baeza named THE FIFTH MIAMI BEACH. This will be the first commercial building in the United States and first building in Miami designed by Baeza, who won Spain’s National Prize for Architecture last year.
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Brick & Timber Collective Acquires Wynwood Office Building Cube Wynwd For $62 Million
Brick & Timber Collective has acquired Cube Wynwd, an office building in Miami’s hot Wynwood neighborhood, from Tricera Capital and Alex Karakanhian’s LNDMRK Development for $62 million. The transaction closed on December 13 and Tricera and LNDMRK retained an undisclosed ownership stake in Cube Wynwd. Tricera and LNDMRK originally acquired the 100,000 SF office building for $28 million in an April 2021.
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Waterford Corporate Centre Trades For $16.9 Million, To Become New Worldwide HQ For Benitez & Company CPA
The Waterford Corporate Centre, a multi-tenant office property which was renovated in 2019, ha sold for $16.9 million. The property is located at 5835 Blue Lagoon Drive, Miami, FL 33126 and spans 61,194 SF. The Waterford Corporate Centre was 97% leased at the time of sale and the tenant list includes The United States Department of Commerce, The State of Florida Department of Education, Volvo Group North America and World Trade Center Miami.
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Bilzin Sumberg Renews 85K SF Office Lease At 1450 Brickell In Miami's Financial District
Nearly 25 years since launching in the heart of Downtown Miami, preeminent law Firm Bilzin Sumberg is doubling down on its Florida growth strategy with a major office lease that will preserve the firm’s position as one of the major tenants at the 1450 Brickell office tower. The Firm has renewed its lease for nearly 84,000 square feet of space at the Class A building, representing one of the largest law firm footprints in Miami’s urban core.
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Terranova Reveals Arquitectonica-Designed Carbon-Neutral Mixed-Use Building On Miracle Mile In Coral Gables
Terranova Corporation, led by Stephen Bittel, has revealed plans for 93 Miracle Mile, the first carbon-neutral building in Florida on Miracle Mile in Coral Gables. The Arquitectonica-designed mixed-use commercial building will use electricity-generating photovoltaic glass and will be the first built under the new Miracle Mile Overlay zoning code.
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Ken Griffin Expands Brickell Holdings As Citadel Leases 95,000 SF At 830 Brickell
The multi-billionaire hedge fund magnate Ken Griffin, who founded the Chicago-based Citadel Securities, has continued to expand his Brickell portfolio while Citadel signed a lease for 95,000 SF at OKO Group’s 830 Brickell office tower. Griffin announced earlier this year that both Citadel and Citadel securities will move to Miami from Chicago.
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Dacra Secures $43.5 Million Loan To Refinance 4141 Office/ Retail Building In Miami Design District
Dacra has locked down a $43.5 million loan to refinance a 112,896-square-foot, mixed-use property located in the Miami Design District. Berkadia Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing on behalf of Dacra, the pioneer of the Miami Design District, owning well over one million square feet.
Read MoreWeWork Bought Out Of 146,000 SF Lease At 830 Brickell By OKO Group And Cain International
WeWork has been bought out of their lease to occupy 146,000 square feet covering 10-floors at 830 Brickell by developers OKO Group and Cain International. WeWork was one of the first to sign a major lease at the Class A office tower in 2019 which was set to become their largest location Florida. Rents at 830 Brickell are now in excess of $125 PSF representing a 42% rise year-over-year.
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International Law Firm Sidley Austin LLP Signs 60,000 SF Lease At Miami's 830 Brickell Office Tower
Sidley Austin LLP, an international law firm with almost $3 billion in revenue and 20 offices worldwide, has signed a lease at 830 Brickell, the new Class-A+ office tower nearing completion in Miami’s Brickell Financial District. Sidley signed a three-floor, 60,000 square-foot lease at the 55-story tower, marking the largest new-to-market office lease signed in the city’s urban core this year.
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