Valoro Obtains Discounted Miami Offices, Eyes Redevelopment

Valoro Capital acquired an office building in Miami’s Edgewater neighborhood for $19 million. Novel Coworking sold the building after paying $20.6 for the property in 2019. The South Florida Business Journal reports the property could qualify for up to 700 residential units under Florida’s Live Local Act, which would require 40% of those units to...