Ytech buys Brickell building from Taplin, settles claims in $50M deal

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has sold in a deal valued at $50 million after years of litigation. Emily Michot emichot@miamiherald.com A Brickell office building. Ytech quoted the sales price as “$26.5 million for the real.

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MIAMI–(BUSINESS WIRE)–YTECH – 1428 Brickell, LLC (Ytech), an investment affiliate of Ytech International, has acquired the BankUnited Office Building located at 1428 Brickell Avenue in Miami.

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The Taplin Co. sold the BankUnited building at 1428 Brickell Avenue for $26.5 million, plus "tens of millions" more to settle claims and other issues, Ytech said on Friday. According to a letter obtained by The Real Deal from Taplin’s attorney to Ytech’s, the total consideration of the sale is $50 million.

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Letter from Thomas Kean and Lee Hamilton to Patrick J. Fitzgerald, June 1,Ytech buys Brickell building from Taplin, settles claims in $50M deal. Last fall, New York developer shahab karmely settled a lawsuit with Taplin over a deal to buy an 80 percent interest in the building that went south.

The Taplin Co. sold the BankUnited building at 1428 Brickell Avenue for $26.5 million, plus “tens of millions” more to settle claims and other issues, Ytech said on Friday. a lawsuit with Taplin.

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