Cash is king: Zara founder’s $274M Brickell buy tops 2025 Miami office deals

South Florida’s top office deal this year was Spanish billionaire Amancio Ortega’s $274.4 million purchase of Brickell’s Sabadell Financial Center.  The sellers received a higher offer from a buyer who required a loan, but they went with Ortega’s all-cash offer, a source said. Cash deals are often preferred because they take out the uncertainty of closing that comes with financed purchases, experts said.  Distress was still part of the story for the tri-county office market this year, as high interest rates and remote work trends linger. Of the 10 biggest office sales this year, one property traded out of bankruptcy, […]This article originally appeared on The Real Deal. Click here to read the full story.