arts
Pebb buys office building for over $70M as Miami Beach strives to shed party-town image
Summary by The Miami Editorial Desk · Based on reporting by Lidia Dinkova , The Real Deal
· July 23, 2026
· 1 min read
Pebb Capital bought the Uno South Pointe office building in Miami Beach for over $70 million, The Real Deal has learned. The deal is another sign that investors and developers are banking on South Beach’s metamorphosis as a serious office market. Boca Raton-based Pebb Capital, through an affiliate,
Story provenance No corrections
Summary created by The Miami Editorial Desk — automated, rule-governed Original reporting Lidia Dinkova, The Real Deal Original story Read at the source Source published Jul 23, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway Boca Raton-based Pebb Capital, through an affiliate, bought the building at 119 Washington Avenue, borrowing $69 million for the deal from AOC II Mortgage, which ties to New York-based ACORE Capital, according to records.
Why this matters in The Miami
The purchase of the Uno South Pointe office building by Pebb Capital for over $70 million marks a significant investment in Miami Beach's efforts to diversify its economy and shed its party-town image. As the area strives to become a serious office market, this deal indicates that investors are confident in the beach's potential to attract a more professional crowd. The fact that Pebb Capital borrowed $69 million for the deal suggests that lenders also see value in the beach's transformation. This shift could have a ripple effect on the local community, potentially leading to an influx of new businesses and residents who are looking for a more subdued atmosphere. The impact of this deal will likely be felt in neighboring areas such as Little Havana and Wynwood, which have already seen an increase in commercial development in recent years.
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 23, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
Frequently asked about this story
What is this story about? Pebb Capital bought the Uno South Pointe office building in Miami Beach for over $70 million, The Real Deal has learned. The deal is another sign that investors and developers are banking on South Beach’s metamorphosis as a serious office market. Boca Raton-based Pebb Capital, through an affiliate,
When was this published? This article was first published on July 23, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Lidia Dinkova 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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