Malaysian Company that Bought Miami Herald HQ Snatches up Omni Real Estate

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If you’re going to build a mega resort right smack in the middle of a major city, you have to worry about parking – but that’s an easy problem to solve if you have money to spend.
Genting, the Malasyan-based group that bought the Miami Herald building and site to build a resort/casino, has plenty of cash, and recently spent $29.4 million to acquire 3.6 acres of mostly vacant land west of Biscayne Boulevard in the Omni District, the Daily Business Review reports. The group used affiliates to buy parcels of land on Biscayne Boulevard between 15th and 16th streets and between Miami Place and First Avenue on Aug. 15, according to the DBR. . All together, the lot has 35,500 square feet of continuous space. One of the parcels, a 17,500-square-foot patch of land, was purchased from former Sony Music executive Tommy Mottola.
The Daily Business Review said that some real estate experts speculate the new acquisitions will be used as parking garages for people visiting the group’s mega casino/resort.


About Pamela's Blog

Pamela Diaz-de-Leon With an accomplished background encompassing Diplomacy, Architecture, Business and Film, Pamela Diaz-de-Leon brings to the real estate industry the entrepreneurial expertise which stem from her interdisciplinary experience. Her world wide network of distinguished personalities carefully knitted of relationships formed in her five years as the Cultural Attaché for the Instituto Cervantes, serving the King of Spain, in Chicago, and her Hollywood connections acquired while working with a recognized film distributor, give her the global platform in which she has developed her business with great success. Knowledgeable, informed and organized she holds ethics and integrity as her highest values thus, providing her customers with an excellence of service that ensures their utmost satisfaction and their continued loyalty to her work. Office. 305.677.5055 Cell. 305.720.8439
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