Desk: Miami The owners of 801 Brickell are testing whether Miami’s financial district can turn a $250 million office purchase into a sale exceeding $400 million just three years later. Monarch Alternative Capital and Tourmaline Capital Partners are exploring a sale of the Miami tower at that higher valuation, Bloomberg reported October 1, citing people familiar with the effort. The firms are working with Eastdil Secured to approach potential buyers. (news.bloomberglaw.com) No completed sale at that price has been confirmed.…
MarketMiami
They Paid $250 Million for 801 Brickell in 2023. Now They’re Seeking More Than $400 Million.
Owners of 801 Brickell are exploring a sale above $400 million after a $250 million purchase in 2023. Daniel Park examines the Miami office market test.
