Miami

The company plans on dealing with liabilities and returning capital to shareholders.

It is the second largest office deal in Florida history.

The mixed-use Miami Worldcenter has big plans for multifamily and residential units too.

The 687,000 square feet asset was first opened in 1985.

The units cost between $500,000 and $1 million.

South Florida is 20 points ahead of the national average in office return rates.

Companies could look more to coworking spaces, as it's cheaper in 97 percent of cities compared to traditional offices.

The project would include 214 hotel rooms and 87 multifamily units.