Kushner, PTM Obtain Financing on Biscayne Bay Rental Community
Corebridge Financial provided $87.3 million to refinance 2000 Biscayne, a newly built, Class-A multifamily building totaling 420 units in Miami, Florida. A joint venture team of Kushner Companies and PTM Partners was the loan sponsor.
Walker & Dunlop New York Capital Markets, led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Stepniewski, Jordan Casella, Christopher de Raet, and Stanley Cayre, was the joint venture’s exclusive advisor.
The 36-story residential tower features 420 apartments across 353,329 rentable square feet. The unit mix includes 75 studios, 204 one-bedrooms, 129 two-bedrooms and 12 three-bedrooms. Residents enjoy a wide range of indoor and outdoor amenities, including co-working spaces, community dining areas, a fitness center with locker rooms, a spa, a game room, a children’s play area, pet spa, dog park and more.
In 2024, Walker & Dunlop’s Capital Markets team sourced over $16 billion from non-Agency capital providers.
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Ellison Buys Former St. Pete Police HQ, Mixed-Use Project on Way
Ellison Development bought what was the St. Petersburg police headquarters building for $6.4 million. To be called The Central, the developer is planning to bring a 10-story office tower, a 165-key Autograph Collection hotel, affordable housing and retail. The Tampa Bay Business Journal reports that Halcyon, an office tower, should be delivered within 19 months once...
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Banyan Street Repositioning Former Atlanta Financing Center
Banyan Street Capital launched APEX Atlanta, a newly rebranded, three-building Class A office campus formerly known as Atlanta Financial Center in Atlanta’s Buckhead submarket. The new identity reflects Banyan Street Capital’s broader repositioning strategy. APEX Atlanta is a 914,774-square-foot office campus comprising three interconnected towers in the heart of Buckhead. Since acquiring the campus in...
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Madison Realty Capital Provides $98M Construction Loan for WA Residential Project
Madison Realty Capital has originated a $97.5 million construction loan to fund development of Edmonds Green, a 411-unit multifamily community located at 7212 220th Street SW in Edmonds, Washington. The project, a development of The Behar Company and HB Management, will include 10,500 square feet of ground-floor retail space. The loan is part of a...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout