El Paso portfolio of Downtown going on the block

EL PASO – El Paso retail developer River Oaks Properties put its entire portfolio of Downtown property on the market in March, and now the company has put those same properties up for auction, and accepting written bids until June 1, 2015.

The portfolio includes 18 properties and half of a Downtown block that has been cleared for development.

When the properties were originally put up for sale, they were listed with prices ranging from $500,000 to $5 million. None has been sold since the listings about three months ago.

Many of the Downtown properties being auctioned are located in the El Centro shopping district of El Paso.

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