CIM Group Secures $154M Refinance Loan For MiamiCentral Office Towers In Downtown Miami

The property asset involved in this transaction consists of two office towers located at 700 Northwest MiamiCentral Avenue and 161 Northwest 6th Street in Miami. The total loan amount for this refinance transaction is $154 million, covering approximately 339,000 square feet of office and retail space. The buildings, constructed in 2018, are part of a transit-oriented mixed-use development anchored by MiamiCentral Station, which highlights their strategic positioning within the market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $154,000,000
• Landlord: Shaul Kuba, Richard Ressler & Avi Shemesh - CIM Group
• Broker: Eastdil Secured
• Loan Type: Refinance
• Date of Transaction: 04/13/2026
• Market: Miami

Key individuals involved in this transaction include Shaul Kuba, Richard Ressler, and Avi Shemesh from CIM Group, who acted as the landlords for the properties. The refinancing loan underscores the continued demand from lenders for modern office properties in well-located areas, despite the general challenges present in the broader office sector.