The Related Group Sells Retail Unit At CasaBella Residences For $6 Million With Brokers Wolfgang Herz And Francisco Paez

The retail property located at 1444 Biscayne Boulevard in Miami has been sold for $6,000,000. The asset encompasses a total of 5,621 square feet, translating to a price per square foot of $1,067. The property is part of the CasaBella Residences project by B&B Italia, with anticipated delivery in 2026.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $6,000,000
• Address: 1444 Biscayne Boulevard
• Market: Miami
• Square Footage: 5,621
• Price per Square Foot: $1,067
• Seller: The Related Group
• Buyer's Representative: Francisco Paez - Fortune International Realty
• Seller's Representative: Wolfgang Herz - Fortune International Realty
• Buyer's Attorney: Gabriela Riveros Juliao - Sirulnik Law

This transaction highlights the involvement of Francisco Paez as the buyer's representative and Wolfgang Herz as the seller's representative, both affiliated with Fortune International Realty. Gabriela Riveros Juliao served as the buyer's attorney, further showcasing the array of professionals engaged in this deal. The purchase was notably executed using USDT, representing a significant move towards cryptocurrency in the Miami real estate market.