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Infinity Real Estate sells Miami Beach, Fla., property for $33M

Infinity Real Estate LLC sold the approximately 19,000-square-foot property at 1200 Ocean Drive in Miami Beach, Fla., in an off-market deal for $32.5 million.

Apple Core Holdings LLC affiliate Core Ocean Drive LLC bought the asset, which houses national hospitality company SobeNY at its second and third floors.

The ground floor retail space at the property will house Xperience Restaurant Group's rock and roll Mexican concept Pink Taco, with opening expected in January 2020.

Newmark Knight Frank advised both parties in the deal.