Miami Worldcenter's retail component traded hands for $210 million, as developer Art Falcone led a joint venture to acquire the landmark property in one of the biggest retail deals based on price in nearly 10 years in South Florida.
Miami records one of its largest retail deals in years as Worldcenter trades hands
Art Falcone buys out partners Nitin Motwani, CIM for $210 million
CoStar News
April 8, 2026 | 5:15 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Miami Worldcenter - Block D East
850 2nd Ave, Miami, FL
- Miami World Center
725 1st Ave, Miami, FL
- Lucky Strike Miami
150 8th St, Miami, FL
- Paramount at Miami Worldcenter
851 1st Ave, Miami, FL
- Companies
- Falcone Group
Real Estate
- CIM Group, LP
Real Estate
- Jamestown LP
Finance and Insurance
- Contacts
- Eric Williams
Senior Managing Director, Newmark
- Conor Lalor
President, Head of Retail Capital Markets, Newmark
- Adam Spies
Co-Head of U.S. Capital Markets, Newmark
- Nitin Motwani
Managing Partner, Merrimac Ventures
- Arthur Falcone
CEO/Founder, Falcone Group