Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Sam Herzberg Buys 9 Little Havana Buildings for $14.5 Million

2713 S.W. Eighth Street

Sam Herzberg’s Miami Beach-based D&R Design District has made a $14.5 million acquisition in Miami’s Little Havana neighborhood.

All told, nine buildings were acquired, including the site of a new building which was completed in July and houses a CVS pharmacy. CVS signed a 25 year lease for 15, 000 square feet of space there back in February.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

The 1.8 acre development site is located at 2713 S.W. Eighth Street and runs up Southwest 27th Avenue to Southwest Seventh Street. It was purchased from Christy D LLC, a Coral Gables-based company, which acquired it for $6.24 million in April 2013.

D&R Design District took out a $10.63 million mortgage from Wells Fargo Bank on the property.

In July, Herzberg bought another Miami property that is also home to a pharmacy. He paid $32 million for a retail building in South Beach that is anchored by a Walgreens.

That two story, 24, 096 square foot building is located at 501 Collins Ave. D & R received $20.1 million in financing from Wells Fargo for that deal. Its sellers made a 50% profit on it, having paid only $30 million for the property in 2012.

The two acquisitions come after Herberg divested himself a group of properties back in May in Miami’s Design District for $45.4 million.

Little Havana got its name from its large Cuban émigré community. It is also home to immigrants from many other Latin American countries. About 50, 000 people live there.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.