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Downtown Miami WeWork building expected to sell as part of massive cryptocurrency auction

April 5, 2019

A downtown Miami office building leased to WeWork is expected to sell for $65.5 million in a deal that will be financed through one of the largest known cryptocurrency real estate auctions of its kind.

The Miami building, also known as the Capital Lofts, was built in 1926 and is on the national register of historic places. Joblon and his partners bought a majority interest in the former condo building in 2015 for $25.5 million and converted it to office space. Joblon’s Turnbridge, an investment and development firm, also owns property in Miami Beach.

Tony Cho and Jack Conrad of Miami-based Metro 1 brokered the deal. Philippe Lancry and Andrea Tardy of Central Park Sàrl advised the buyer.

 

Read Full Story: https://therealdeal.com/miami/2019/03/08/downtown-miami-wework-building-expected-to-sell-in-massive-cryptocurrency-auction/?fbclid=IwAR1QO3cbpQ-JmWsNXkCUe9GMLAQI-1GRfRlkWptLPmy3Ir6c3suYbXNrSp0

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