SWIRE PROPERTIES BUYS MIAMI PARCEL FOR $41.3 MILLION

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MIAMI — iStar Financial has sold 5.6 acres of land in downtown Miami to Swire Properties for $41.3 million. The site, located at 700 and 701 S. Miami Ave., is zoned for three high-rise multifamily towers with office and retail space. Kelly P. Smith and Larry Stockton of Colliers Abood Wood-Fay represented the seller.

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