Real Estate
Miami Waterfront Property Draws Offer Topping $1.23 Billion
The former site of the old Miami Herald building in Miami.
Photographer: Emily Michot/Miami Herald/Tribune News Service/Getty Images
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Genting Bhd., the Malaysian casino giant, has received four offers for a trophy Miami waterfront property once envisioned as the site of a multibillion dollar resort, including a bid exceeding $1.23 billion.
“There’s been no break in the receipt of offers — at and even above the $1.225 billion price,” Michael Fay, with broker Avison Young, said in an emailed statement.