Stearns Weaver Firm Stays Put in Moishe Mana-Owned Downtown Miami Tower
Flagship law firm renews lease in prime downtown location, highlighting power dynamics in Miami real estate.
The legal world is abuzz with news that Stearns Weaver Miller Weissler Alhadeff & Sitterson, a leading Miami-based law firm, has decided to renew its lease at the prestigious Museum Tower in downtown Miami. The 96,800-square-foot lease renewal at 150 West Flagler Street was brokered by Stephen Rutchik and Ana Paula of Colliers, representing the landlord, and Tere Blanca and Grant Gassman of Blanca Commercial Real Estate, representing the tenant.
The Museum Tower, a 28-story high-rise, is owned by Moishe Mana's Mana Properties. As one of downtown Miami's biggest property owners, Mana's influence in the real estate market cannot be ignored. His ownership of the tower, located near the Miami-Dade County Courthouse, gives him a prime position to attract high-profile tenants such as Stearns Weaver.
While the law firm's decision to renew their lease may seem like a standard business transaction, it also sheds light on the power dynamics at play in Miami's real estate scene. The fact that Stearns Weaver chose to remain in a building owned by Mana, who has been embroiled in numerous controversial development projects, speaks volumes about the influence and control he wields in the city.
As the saying goes, "location is everything," and in Miami, location is often intertwined with political and financial power. With Mana's vast real estate holdings and connections in the city, it's no surprise that a prominent law firm like Stearns Weaver would choose to stay put in one of his properties.
This latest development in Miami's real estate world highlights the ongoing influence games and soft corruption