New York Life Investors just paid $117.25 million for the Brickell City Tower, property records show. A joint venture between Banyan Street Capital, Independencia Asset Management and Crocker Partners sold the 33-story, 291,554-square-foot office tower at 80 Southwest Eighth Street to Madison OFC Brickell FL LLC, an affiliate of NYL. The buyer manages fixed income and real estate assets, and is owned by its parent company, New York Life, according to its website. CBRE’s Chris ... [more]