Fla. Investors Buy Central Miami Land For $57M

Law360, New York (December 16, 2011, 6:50 PM EST) -- Private investors purchased 22 vacant acres in central Miami for $57.25 million to be used for further development of a major existing shopping and residential complex, according to an announcement Thursday by Holliday Fenoglio Fowler LP, the firm that marketed the property.

Private Miami investment group Midtown Opportunities LLC purchased 16 acres at the so-called Midtown Miami development, as well as a six-acre former Chiquita Banana distribution site adjacent to the complex. The seller in the cash deal was the similarly named but unrelated Midtown Equities...
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