Hired last fall to ramp up the brokerage arm of Pointe Group Advisors LLC, real estate veteran William Holly’s first major assignment was a challenge: lease up New World Tower in a downtown Miami office market rife with vacancies.
At the moment, the Class B tower at 100 N. Biscayne Blvd. is 79 percent leased, according to CoStar Group. Despite making recent incremental gains in occupancy, the downtown market is still at 18.4 percent with significant holes to fill.
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