More for Thor: Investor adds to Design District portfolio

Miami /
Oct.October 21, 2014 12:00 PM

Thor Equities just picked up another two properties in Miami’s Design District for $15 million, The Real Deal has learned.

The New York investor added to its growing portfolio in the area in a transaction recorded on Monday, according to Miami-Dade County records. Thor did not obtain financing for the purchase of the 75 and 81 Northeast 39th Street properties. Two small office buildings are located on the parcels.

Ronald and Margie Alter are the sellers. Ronald Alter operates his law office out of the 81 Northeast 39th Street building.

Thor has aggressively assembled Design District property throughout 2014. In May, the company paid $45.4 million for Sam Herzberg’s portfolio in the district. Thor is promoting the eventual redevelopment of its holdings into “the most enviable luxury mixed-use property in the Design District.”

Chariff Realty Group’s Lyle Chariff and Mauricio Zapata represented both sides of the transaction.


Related Articles

arrow_forward_ios
(iStock/Illustration by Kevin Rebong for The Real Deal)
Miami Beach agent wins $1M judgment in lawsuit over owed commissions and stolen funds
Miami Beach agent wins $1M judgment in lawsuit over owed commissions and stolen funds
Thor Chairman Joe Sitt, Stefano Ricci CEO Niccolo Ricci and the Miami store. (Getty, Thor, Miami Design District)
Thor Equities sued over alleged unpaid loan on Stefano Ricci Miami Design District store
Thor Equities sued over alleged unpaid loan on Stefano Ricci Miami Design District store
Stefano Ricci, Joe Sitt and 118-120 Northeast 39th Street (Getty, Thor, Google Maps)
Thor Equities sues to evict Stefano Ricci from Miami Design District
Thor Equities sues to evict Stefano Ricci from Miami Design District
Steve Madden and 663 Lincoln Road (Getty, Google Maps)
Steve Madden vacates Lincoln Road lease
Steve Madden vacates Lincoln Road lease
Remy Jacobson, Jean-Marc Jacobson, 4141 North Miami Avenue (Credit: Google Maps and REALTOKEN)
Remy Jacobson allegedly in default on Design District loan: lawsuit
Remy Jacobson allegedly in default on Design District loan: lawsuit
Inside South Florida’s mall, retail and restaurant reopenings
Inside South Florida’s mall, retail and restaurant reopenings
Inside South Florida’s mall, retail and restaurant reopenings
Vlad Doronin, Len Blavatnik, and 3425 Collins Avenue (Credit: Google Maps, Gesi Schilling, and Mark Neyman / GPO)
Developer of Aman-branded towers in Miami Beach scores $35M loan
Developer of Aman-branded towers in Miami Beach scores $35M loan
Clockwise from top left: 3995 North Miami Ave., 5 Northeast 39th St., 1 Northeast 40th St. through 35 Northeast 40th St. (Credit: Google Maps, iStock)
Lender lists troubled RedSky’s Miami Design District portfolio
Lender lists troubled RedSky’s Miami Design District portfolio
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...