South Florida’s top deals: Japanese firm scoops up Miami dev site for $89M

🏆 Commercial: The priciest commercial real estate deal to hit records in South Florida was in Miami, where Japanese firm Kasumigaseki Capital dropped $88.8 million, about $2,900 per square foot, on a 0.7-acre development site on the southwest corner of Northeast 10th Street and Northeast Second Avenue. The seller was Miami A/I Parcel 3 Subsidiary, linked to Miami Worldcenter master co-developer Art Falcone’s Boca Raton-based Falcone Group. A source told The Real Deal that the interest in the entity was sold to an investment group led by Marc Roberts, who is co-founder of the E11even Miami brand. The prior plans […]This article originally appeared on The Real Deal. Click here to read the full story.