River Oaks dives into Miami Design District with $27M retail buy
Nine months after planting a flag in South Beach, River Oaks Properties is now staking its place in the Miami Design District. An affiliate of El Paso, Texas-based River Oaks, led by President Adam Frank, paid $27 million for a retail building at 111 Northeast 40th Street, records show. The property features two storefronts leased to shoemaker Birkenstock and luggage shop Rimowa. The deal breaks down to nearly $3,800 a square foot for the two-story building that spans 7,106 square feet. It was completed in 2014. The property sold for $5.5 million above the previous sale price nine years ago. […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
South Florida Dirt: Like pulling teeth: How Fannie, Freddie’s new condo financing rules is affecting deals
Galium Capital buys North Miami Beach apartments for $29M
Inside the decade-long legal clash between owners, developer of a Singer Island hotel-condo
Florida REIT founders charged with stealing from employee benefit plans
Redfearn drops $42M on Delray Beach retail properties in one of town’s biggest CRE deals ever
Goldman Sachs drops $155M for Davie rentals, Kerra pays $73M for Pompano complex
Real estate mentoring builds agent leadership
Inflation rises ahead of Fed rate decision
Turn AI from a writing tool into a business system
Property manager, contractor arrested in nearly $200K kickback scheme at Hialeah condo association
