arts
Coral Gables office buildings sell for $98M as noncore markets attract investors
By Eman Elshahawy at The Real Deal
· July 6, 2026
· 1 min read
A trio of investors dropped $97.8 million for The Ponce office complex in Coral Gables in one of the city’s largest sales so far this year. Intalex Capital, Itero Investments and Greenwall Capital acquired a 365,000-square-foot office portfolio with the 12-story Class A building 2525 Ponce de Leon B
Key takeaway 8 million for The Ponce office complex in Coral Gables in one of the city’s largest sales so far this year.
Why this matters in The Miami
The sale of The Ponce office complex in Coral Gables for $97.8 million reflects a broader trend of investors seeking opportunities in noncore markets like Coral Gables. As Miami 's central business district and Brickell continue to attract high prices, investors are looking to surrounding areas for more affordable options with potential for growth. Coral Gables, with its strong local economy and high quality of life, is an attractive alternative. The significant investment in The Ponce office complex, including $30 million in future upgrades, is likely to have a positive impact on the local economy, supporting businesses and jobs in the area. The involvement of ACORE Capital, providing a $105 million loan, also suggests that lenders are confident in the potential of Coral Gables' office market. This deal may encourage other investors to explore opportunities in Coral Gables and other noncore markets in Miami-Dade County.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: July 6, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? A trio of investors dropped $97.8 million for The Ponce office complex in Coral Gables in one of the city’s largest sales so far this year. Intalex Capital, Itero Investments and Greenwall Capital acquired a 365,000-square-foot office portfolio with the 12-story Class A building 2525 Ponce de Leon B
When was this published? This article was first published on July 6, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Eman Elshahawy at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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