Miami eyes US$243mil for troubled office lot

Miami plans to use the proceeds of the bond sale to purchase a mostly vacant, half-century-old office building for several government departments. — Bloomberg

MIAMI: Miami has become so pricey for renters that even the county wants to become its own landlord. It’s selling US$234mil of municipal debt to do just that.

Florida’s most populous county plans to use the proceeds of the bond sale to purchase a mostly vacant, half-century-old office building for several government departments.