Genting purchases Miami Herald headquarters for $236 million

The Genting Group, which own Norwegian Cruises Line, has purchased 14
acres including the Miami Herald’s waterfront headquarters, for $236
million. The company plans an entertainment and residential project for
the site, which will be called Resorts World Miami. “Resorts World Miami
will be a landmark mixed-use development for Miami, Florida and the
United States,” said KT Lim, chairman and CEO of Genting in a statement.
[SFBJ]