A global insurance and reinsurance company, along with a commercial real estate finance and advisory firm, will establish new offices in Miami’s Brickell district. MS Reinsurance has signed a lease for 7,700 square feet, while Walker & Dunlop has leased 2,900 square feet at the 801 Brickell tower. The building is located at 801 Brickell Avenue.
MS Reinsurance plans to relocate from its current office at 701 Brickell Avenue during the first quarter of next year. Walker & Dunlop is entering the Miami market for the first time.
Stephen Rutchik was part of the Colliers team that represented the owners of the building. Kevin Gonzalez represented MS Reinsurance in its transaction. Keith Edelman and Scott Goldstein of CBRE acted on behalf of Walker & Dunlop.
Monarch Alternative Capital, based in New York, and Tourmaline Capital Partners from Bryn Mawr, Pennsylvania acquired 801 Brickell for $250 million in 2023. In September 2025, they obtained $229 million in refinancing for the property through Goldman Sachs and Wells Fargo. Monarch is led by co-CEOs Michael A. Weinstock and Chris Santana; Tourmaline is headed by Brandon Huffman.
The ownership group is also constructing a 14,800-square-foot office penthouse at the tower, scheduled for completion early next year.
Additionally, London-based insurer Howden has leased 23,700 square feet at 600 Brickell World Plaza with plans to open its office early next year. The tower stands at 600 Brickell Avenue.
Jonathan Kingsley and Zach Smith from Colliers represented Howden as tenants alongside Jodie Poirier of Occupier Services; Ilene Munoz of Elm Spring represented the landlord. Ownership records show that Brickell Holdings—affiliated with Elm Spring—owns this property.
Elsewhere in Miami-Dade County, human resources and payroll services provider ADP will move its local office to Waterford Business District near Miami International Airport after leasing 78,300 square feet at 703 Waterford Way. ADP’s relocation comes from its current address at 10200 Southwest 72nd Street near South Miami.
Juan Ruiz and Andres del Corral from Blanca Commercial Real Estate represented landlords Nuveen Real Estate—led by Mike Sales—and Pimco Prime Real Estate—headed by François Trausch—in this transaction. The Waterford Business District spans more than three million square feet across its campus.
In Broward County’s Sawgrass International Corporate Park in Sunrise, two Florida state departments are moving their regional offices to Sawgrass Concourse: The Department of Financial Services has leased 21,000 square feet while the Department of Revenue has taken up a lease for 19,000 square feet within two buildings located at 789 and 799 International Parkway. Both agencies plan to relocate in 2026; currently they operate out of Fort Lauderdale (Department of Revenue) and Plantation (Department of Financial Services).
Gordon Messinger from CBRE represented MG3 Group—the owner led by Marcelo Saiegh, Hernan Leonoff and Gustavo Bogomolni—in these leases.
In West Palm Beach’s downtown CityPlace complex developed by Related Companies under Steve Ross’ leadership since its completion in 2000—a Hawaiian-inspired footwear brand OluKai opened a store last week after leasing a space measuring approximately 1,300 square feet.
Steve Ross stepped back last year from his role as founder at Related Companies to launch West Palm-based Related Ross but remains nonexecutive chairman and largest single shareholder; Related dominates downtown West Palm with eight major properties including offices as well as residential projects either purchased or developed or still planned/under construction.
Emigrant Bank will also open a branch with an agreement to occupy an area spanning about 1,800 square feet inside The Strand condominium building located at 277 Evernia Street; Fabio Faerman and Sebastian Faerman (FA Commercial) brokered this deal on behalf of Emigrant Bank.
Finally in Pembroke Pines—a retailer specializing in big-and-tall menswear Destination XL Group opened DXL Big + Tall store located at 11010 Pines Boulevard though details on leased area were not disclosed publicly; records indicate Cornfeld Group together with HB Capital Group own this property.
