Moishe Mana Purchased Fort Lauderdale Office Tower
The 30-story 110 Tower was acquired for $89 million in a deal involving two notes from City National Bank of Florida.
Updated on Sept. 24, 2026 in Commercial
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Moishe Mana has acquired the 110 Tower, a 777,250-square-foot office building located at 110 Southeast Sixth Street in Fort Lauderdale. The transaction closed at $89 million, significantly lower than the $112.9 million purchase price recorded by the previous owner in 2016.
Why it matters
The acquisition highlights a shift in valuation for major commercial assets in South Florida. This deal occurred against a backdrop of steady but challenging office market conditions in Broward County.
The property at 110 Southeast Sixth Street spans 777,250 square feet, resulting in a valuation of $115 per square foot. The buyer secured $66.3 million in financing from City National Bank of Florida to complete the deal.
The players
Moishe Mana
He is a prominent real estate developer and businessman based in Miami who has extensive holdings in urban real estate.
City National Bank of Florida
This is a financial institution that provided the $66.3 million in financing for the acquisition of the office tower.
Gem Realty Capital
This investment firm previously owned the 110 Tower after acquiring the property in 2016.
The details
Built in 1997 and later renovated in 2015, the 30-story structure is currently navigating a regional market experiencing negative office absorption. Broward County saw 57,400 square feet of negative absorption in the second quarter, while overall year-to-date leasing activity reached 1.2 million square feet.
Timeline
The 110 Tower was originally constructed in 1997.
The property underwent renovations in 2015.
Gem Realty Capital acquired the tower in 2016.
Broward County market statistics were recorded during the second quarter of 2026.
Moishe Mana completed the acquisition in September 2026.
Culture Shift
The acquisition aligns with larger shifts in urban office valuations as investors reposition assets in response to ongoing market volatility. This deal illustrates a broader trend of recalibrating commercial property holdings in major metropolitan centers like Fort Lauderdale.
For local businesses, the change in ownership could signal upcoming shifts in leasing terms or building management policies at the 110 Tower. Tenants may see new operational priorities as the building transitions under its new investor.
The takeaway
This transaction underscores a significant repricing of commercial real estate assets in South Florida compared to levels seen in 2016. Investors should watch for how such large-scale acquisitions impact the ongoing vacancy trends within the Broward County office sector.
Further reading
For more information on regional market trends, visit the Commercial section.
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