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Trump Group sells Miami Beach office building for about $32 million

South Florida developer Rivani acquires art deco-inspired property
The eight-story, mixed-use building at 404 Washington Ave. anchors the entrance to Miami Beach's South of Fifth neighborhood. (CoStar)
The eight-story, mixed-use building at 404 Washington Ave. anchors the entrance to Miami Beach's South of Fifth neighborhood. (CoStar)
By Aisha Garrison with
CoStar Research
August 21, 2026 | 7:04 P.M.

Rivani, a Miami Beach-based real estate investment and development company, has acquired the mixed-use office and retail building at 404 Washington Ave. in Miami Beach from the Trump Group for $31.5 million, or about $201 per square foot.

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