Crescent, JPMorgan Fleming venture acquires Miami tower
Crescent Real Estate Equities Co. and a fund managed by JPMorgan Fleming Asset Management have acquired Miami Center, a 780,000 sq. ft. office tower in downtown Miami.
JPMorgan Fleming acquired a 60% interest, and Crescent acquired 40%. Crescent also will manage and lease the property on a fee basis.
"Miami Center fits the profile in that it offers what we believe to be stable cash flow from a high-quality asset with minimal near-term rollover," says John Goff, Crescent CEO.
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
advertisement
Photo Galleries
Hudson Yards Development
Check out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-use Hudson Yards Development on Manhattan's far West Side.
Outstanding Women in Commercial Real Estate
From housing low-income families in Southern California to closing some of Manhattan's largest office leases, women leaders are using commercial real estate as a platform to reshape communities while they drive investor returns.
Click here to view more photo galleries.
Videos
2012 MBA CREF/Multifamily Housing Convention & Expo Video Blogs
Check out the Vlogs from the 2012 MBA CREF/Multifamily Housing Convention & Expo from JLL...
Click here to view more videos.
advertisement
Blogs
|
Traffic Court |
|
BlackSwan |
This Week's Most Popular
Current Issue
 |
|
Join the Conversation
