PMG and LNDMRK Development secured $126 million in construction financing for Twenty Sixth & 2nd Wynwood Residences, an eight-story condominium rising at 2600 NW 2nd Avenue in Miami’s Wynwood neighborhood. The property will consist of 233 furnished residences. Expected completion is Q2 2028.
Twenty Sixth & 2nd Wynwood Residences will be the first building to allow owners to host both their residence and private office on Airbnb year-round, supported by full-service on-site management that combines hospitality-level service with ownership flexibility.
Construction financing was provided by Madison Realty Capital and Siguler Guff. ASG Equities, the seller of the land to the joint venture, will retain ownership of the retail component and hold a minority interest in the residential portion of the development.
The transaction was led by PMG’s Capital Markets team composed of Andrew Warman, Jonathan Blank, and Paton Marion
The project is designed by architecture firm CUBE 3, Besides a fitness center, additional amenities include The Sky Swim Lounge, featuring an elevated rooftop pool with cabanas.
The Roxborough Group, LLC has acquired Bidwell Park, a 246-unit apartment community in Fremont, for $109.4 million. The 95% occupied property at 39800 Fremont Blvd. represents Roxborough’s second multifamily acquisition in Northern California within Roxborough Fund III, L.P., a $518-million discretionary fund focused on opportunistic and value-add investments. “The acquisition of Bidwell Park aligns with...
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Higher-than-expected September inflation has been driving the CRE narrative of increased cost of capital, along with rising operating and construction expenses. The consumer price index rose 3.7% year-over-year in September, according to the U.S. Bureau of Labor Statistics, while the producer price index for final demand climbed 6.3% A recent Marcus & Millichap video said...
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Gilbane and Rocky Mountain Companies, along with University of Idaho, celebrated the ribbon cutting of Vandal Village, a graduate and family housing complex on U of I’s Moscow campus. Located at 1010 Deakin Ave, the 200,000-square-foot complex encompasses 240 units, offering two- to four-bedroom plans. Designed to meet a range of housing needs, the development...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
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