Herzberg Sells In Design District For $45 Million

Miami investor Sam Herzberg turned a quick $26 million profit on property that he bought in the Design District just two years ago.

Herzberg paid $19.3 million for the portfolio of commercial buildings in 2012, and sold them this month to Thor Equities for $45.4 million, according to TRD. Herzberg also owns Lincoln Road’s Sterling Building.

Thor spent $76 in recent months assembling property on the same block, and lists a new Alan Shulman-designed project on the company website.