Who is Kasumigaseki Capital, buyer of Miami’s top dev site this year?
When South Florida’s biggest development site deal so far this year closed for $88.8 million, it marked a new player’s entrance to the region: Kasumigaseki Capital. The Tokyo-based company splashed into Miami with the purchase of a 0.7-acre lot previously planned for a branded tower within the massive Miami Worldcenter mixed-use complex. Kasumigaseki paid $121.6 million per acre for the site on the corner of Northeast 10th Street and Northeast Second Avenue, using $45 million in seller financing. The deal gives Kasumigaseki a prime slice of buildable land in downtown Miami –– a deal that most buyers would eagerly boast […]This article originally appeared on The Real Deal. Click here to read the full story.
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