A significant office building purchase has taken place in Miami Beach, with Pebb Capital buying the Uno South Pointe building for over $70 million. This deal suggests that investors are confident in South Beach's potential as a serious office market. The building, located at 119 Washington Avenue, was purchased through an affiliate of Pebb Capital, with financing from AOC II Mortgage.

The exact purchase price is not publicly known due to the lack of a recorded deed. Further details about the purchase and Pebb Capital's plans are available from The Real Deal, which initially reported the story.