Rubell family sells another Allapattah property to Neology for $24M

The Rubell real estate and art family sold another property in Allapattah to Neology Group in two deals totaling $24 million, the South Florida Business Journal reported.  Neology paid $370 per square foot for the 46,870-square-foot warehouse sitting on 1.49 acres at 1090 Northwest 23rd Street. The property was sold in two separate deals, but the parcels together make up the original site, according to Sarah Gortarez, a commercial real estate analyst at Vizzda. The property, which the Rubells bought for $10.7 million in 2022 and includes a warehouse built in 1946, more than doubled in value. This deal follows […]

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