Swire sells majority stake in Brickell City Centre retail to Simon for $512M

Swire Properties cashed out of the retail and parking components of Brickell City Centre in a $512 million deal with Simon Property Group. Simon, an Indianapolis-based shopping center-focused real estate firm led by David Simon, bought Swire’s majority 75 percent stake in the 500,000-square-foot open-air center anchored by Saks Fifth Avenue, according to a Hong […]This article originally appeared on The Real Deal. Click here to read the full story.