Wynwood is set for another major transformation following the $1.1 billion sale of the Mana Wynwood portfolio to billionaire Citadel founder and CEO Ken Griffin, marking the largest land assemblage transaction in Florida history and paving the way for a new 35-acre Carnegie Mellon University campus in Miami.
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Bayview PACE Provides $200 Million in C-PACE Financing for Florida’s Second-Tallest High-Rise, Okan Tower in Miami, Among the Largest Loans in the Country
Bayview PACE, a division of Bayview Commercial Mortgage Finance, has closed on $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use high-rise being developed by Okan Group and designed by Behar Font & Partners.
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Rilea Group Secures $150 Million in Construction Financing for Mohawk at Wynwood in Miami
Miami-based real estate developer Rilea Group has closed on a $150 million construction financing package for Mohawk at Wynwood, a 300-unit multifamily community now under construction in the heart of Miami’s Wynwood Arts District.
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PMG Locks Down $115 Million Construction Loan For Sage Intracoastal Residences Fort Lauderdale
National developer PMG is pleased to announce they have secured $115 million in construction financing for Sage Intracoastal Residences Fort Lauderdale, a 28-story boutique condominium nestled along 200 linear feet of Fort Lauderdale’s Intracoastal waterway. Financing was provided by GoldenTree Asset Management.
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Gencom Affiliate Reacquires Majority Interest In The Ritz-Carlton Coconut Grove
Affiliates of Miami-based Gencom, a U.S.-based investment firm that owns, operates, and develops prized real estate globally, announced that it has reacquired a majority interest the 115-key The Ritz-Carlton Coconut Grove situated at 3300 SW 27th Ave. in Miami, Florida.
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Oak Row Equities and OKO Group Close Largest Land Acquisition in Florida With $520 Million Waterfront Land Deal in Brickell
Oak Row Equities, a leading vertically-integrated real estate private equity and development company with over $4 billion of development in South Florida, OKO Group, the Miami-based development company founded by international investor and luxury real estate developer, Vlad Doronin, and Mariposa Real Estate have successfully completed the single largest land acquisition in Florida.
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Tower Capital Partners Co-Founders Demetri Demascus & Christian Iacovelli
Tower Capital Partners Launches Offering Exclusive Investor Access To Premier Real Estate Development Opportunities In Miami
PROFILEmiami Founder Demetri Demascus and former auto-industry executive Christian Iacovelli have joined forces to launch Tower Capital Partners, a private equity firm that invests with real estate developers with a proven track record of delivery high-quality real estate development projects and offers individual accredited investors access to private, institutional level deals typically reserved for family offices.
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Participant Capital CEO/ Managing Principal Dan Kodsi
Affiliate of RPC, Participant Capital Advisors, Launches $250 Million Multifamily Fund
Participant Capital Advisors, a real estate investment firm that manages private equity real estate vehicles, announced the launch of its latest fund: the Participant Capital Sun Belt Multifamily Development Fund 1 (the "Fund"). The Fund has a fundraising target of $250 million in commitments to allocate to multifamily development projects in the booming Sun Belt region. The Fund is a closed-end private equity real estate vehicle with an 8-year projected term.
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Global Financial Services Firm Rothschild To Open Miami Office At 830 Brickell
Global financial services company Rothschild & Co. will open a Miami office at 830 Brickell after leasing space at OKO Group and Cain International’s premier Class A+ office tower which is nearing completion in the city’s Brickell Financial District. Rothschild & Co. is one of the world's largest independent financial advisory groups, employing 3600 people in 40 countries across the world.
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Rilea Group Acquires Final Parcels To Complete Assemblage for Mohawk Wynwood
Rilea Group has closed on an expansion of its assemblage for its rental project Mohawk at Wynwood for $5.7 million, represented by Alfredo Riascos of Gridline Properties. The seller was represented by Alfonso Jaramillo of Fortune. The purchase brings Mohawk’s site to 78K square feet, which sits adjacent to its short-term luxury rental property, The Rider Wynwood.
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