Yoram Izhak’s IMC Equity Group buys Doral office building

Izhak recently bought properties in Miami's Upper East Side and Miramar

Apr.April 19, 2018 12:30 PM

2555 Northwest 102nd Avenue (Credit: Investeamrealty.com)

Real estate investor Yoram Izhak continues to make moves in South Florida – this time adding an office building in Doral to his commercial portfolio.

Records show the Israeli-born real estate investor paid $8.75 million for a 43,500-square-foot office building at 2555 Northwest 102nd Avenue, just north of Northwest 25th Street, through the company Good Homes Orlando LLC.

The seller, Point at Doral LLC, led by Rafael Diaz, paid $5.9 million for the property in 2014 and renovated it in 2015. The Point at Doral was built in 2008 as an office condo. Tenants include Total Bank and children’s clothing chain Gymboree, which filed for bankruptcy protection last year. Gymboree kept this location open.

Last month, Izhak paid about $5.6 million for a 45-unit apartment building Miami’s Upper East Side. In November, he also bought a portion of Rockefeller Group’s and Kimco Realty’s mixed-use Miramar Town Center for nearly $25 million.

Izhak, who was convicted of tax evasion in 2004, co-founded IMC Equity Group in 2002.

Related Articles

Venezuelan leader Nicolás Maduro and the city of Caracas (Credit: Wikipedia, iStock)

Venezuelan government looks to seize homes of Venezuelans living abroad: report

Donald Trump, and Trump National Doral Miami golf resort (Credit: Getty Images and iStock)

Trump disputes report that Doral golf resort has bedbugs

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Felipe Valls Jr., 9000 Northwest 25 Street in Doral (Credit: Getty Images, Google Maps)

Family behind La Carreta and Versailles sells Doral shopping center