Miami Heat co-owner’s firm buys shopping center from Edens for $33M

RK Centers, led by Miami Heat minority stakeholder Raanan Katz, dropped $32.5 million for Edens’ Arena Shops in North Miami, expanding its retail presence in north Miami-Dade County. The Sunny Isles Beach-based company acquired the 44,660-square-foot shopping center at  14750 Biscayne Boulevard in a deal that breaks down to $728 per square foot, records show and property analyst Vizzda confirmed.  Built in 1993 on a 2.5-acre site, Arena Shops was last renovated in 2006. Edens purchased the property for $25 million in June 2012, according to property records. The plaza is anchored by Total Wine & More and also includes […]

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