Moishe Mana gobbles up another downtown Miami office tower for $110M

Moishe Mana, already downtown Miami’s biggest landlord, gobbled up another office tower for $110 million, solidifying his status as the neighborhood’s real estate king.  Mana bought the 31-story, 450,000-square-foot One Downtown at 1 Southeast Third Avenue, according to a news release from Mana’s firm Mana Common. Los Angeles-based PCCP and Boca Raton-based CP Group were the sellers, according to records.  The deal breaks down to $244 per square foot.  Christian Lee and Sean Kelly were part of the CBRE team that represented the sellers.  PCCP paid $127 million in 2018 for the tower, which at the time was called SunTrust […]

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