Beverly Hills-based jeweler Ildico buys Miami Design District building for $35M

Beverly Hills-based jeweler Ildico picked up a retail building in the Miami Design District for $35 million. An entity managed by Ildico CFO Mikhail Cohen bought the two-story, 9445-square-foot storefront at 3800 Northeast Second Avenue, records and real estate database Vizzda show. The deal breaks down to $3,701 a square foot.  Tony Arellano and Devlin Marinoff with Dwntwn Realty Advisors handled the off-market sale on behalf of the seller, an entity managed by real estate investor Sam Herzberg, David Herzberg and Richard Do. Herzberg and his partners paid $11.4 million for the corner property in 2015, records show. The building […]This article originally appeared on The Real Deal. Click here to read the full story.