[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  David Auerbach ⭕️ [@DailyREITBeat](/creator/twitter/DailyREITBeat) on x 3873 followers Created: 2025-06-30 12:11:07 UTC 🏙️ Simon Property Group Buys Full Ownership of Brickell City Centre for $512M 📍Location: Downtown Miami’s Brickell District 💰 Transaction Value: $XXX million 🛍️ Asset: XXXXXXX SF open-air shopping center + subterranean parking 🔹 Key Deal Highlights 🏢 Simon Property Group $SPG acquires the remaining XX% interest from Swire Properties, becoming the XXX% owner and manager of the Brickell City Centre retail component. 🛍️ The high-end retail center spans four levels across three city blocks, anchored by Saks Fifth Avenue, and features 90+ retail and dining tenants including Apple, Sephora, Zara, Lululemon, Coach 🍽️ Dining spots: The Henry, Tacology, Casa Tua Cucina, Motek 🎯 Entertainment: PuttShack, CMX Luxury Cinema 🏗️ A Trophy Asset in a Transforming Neighborhood 🌇 Completed in 2016, Brickell City Centre has helped transform Brickell into Miami’s premier urban core. 🌿 Features the iconic Climate Ribbon™, a sustainable canopy that manages airflow, sunlight, and rainwater. 🔝 Simon now adds one of Miami’s premier open-air centers to its trophy mall portfolio. 🧱 Swire’s Miami Pivot 🏨 Swire has divested: * Two office towers (2020) for $163M * EAST hotel (2021) for $174M * Adjacent 2.8-acre site (2024) for $211M 🏗️ Dining spots: The Henry, Tacology, Casa Tua Cucinha, Motekt to rise on Brickell Key. The old Mandarin hotel closed in April. 📊 REIT Implications 📈 Simon (SPG) strengthens its South Florida footprint, gaining full control of a high-productivity, luxury retail center in a dynamic urban market. 🌎 Reinforces Simon’s strategy of owning experiential, Class A+ assets in global gateway cities. 🏗️ Potential for future redevelopment, densification, or retail-media expansion as urban demand surges. XXX engagements  **Related Topics** [$1972hk](/topic/$1972hk) [$512m](/topic/$512m) [$spg](/topic/$spg) [stocks real estate](/topic/stocks-real-estate) [Post Link](https://x.com/DailyREITBeat/status/1939657950995333631)
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David Auerbach ⭕️ @DailyREITBeat on x 3873 followers
Created: 2025-06-30 12:11:07 UTC
🏙️ Simon Property Group Buys Full Ownership of Brickell City Centre for $512M
📍Location: Downtown Miami’s Brickell District 💰 Transaction Value: $XXX million 🛍️ Asset: XXXXXXX SF open-air shopping center + subterranean parking
🔹 Key Deal Highlights 🏢 Simon Property Group $SPG acquires the remaining XX% interest from Swire Properties, becoming the XXX% owner and manager of the Brickell City Centre retail component. 🛍️ The high-end retail center spans four levels across three city blocks, anchored by Saks Fifth Avenue, and features 90+ retail and dining tenants including Apple, Sephora, Zara, Lululemon, Coach 🍽️ Dining spots: The Henry, Tacology, Casa Tua Cucina, Motek 🎯 Entertainment: PuttShack, CMX Luxury Cinema
🏗️ A Trophy Asset in a Transforming Neighborhood 🌇 Completed in 2016, Brickell City Centre has helped transform Brickell into Miami’s premier urban core. 🌿 Features the iconic Climate Ribbon™, a sustainable canopy that manages airflow, sunlight, and rainwater. 🔝 Simon now adds one of Miami’s premier open-air centers to its trophy mall portfolio.
🧱 Swire’s Miami Pivot 🏨 Swire has divested:
- Two office towers (2020) for $163M
- EAST hotel (2021) for $174M
- Adjacent 2.8-acre site (2024) for $211M 🏗️ Dining spots: The Henry, Tacology, Casa Tua Cucinha, Motekt to rise on Brickell Key. The old Mandarin hotel closed in April.
📊 REIT Implications 📈 Simon (SPG) strengthens its South Florida footprint, gaining full control of a high-productivity, luxury retail center in a dynamic urban market. 🌎 Reinforces Simon’s strategy of owning experiential, Class A+ assets in global gateway cities. 🏗️ Potential for future redevelopment, densification, or retail-media expansion as urban demand surges.
XXX engagements
Related Topics $1972hk $512m $spg stocks real estate