Deals
Prime Miami Waterfront Property Attracts Five Bids Topping $1 Billion
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A prime waterfront Miami parcel put up for sale by Genting Bhd has attracted five offers exceeding $1 billion, according to the broker, potentially setting a record for such property.
The 15.5-acre (6.3-hectare) site, the former home of the Miami Herald newspaper, is one of the largest undeveloped tracts along the city’s waterfront. Genting, a Malaysian gambling giant, began marketing it late last year.