PPG, partners score $235M to build 728-unit North Miami Beach multifamily project
PPG Development and its partners scored $235 million to build a 728-unit multifamily project in North Miami Beach. The financing package consists of a loan and a preferred equity investment. The deal comes as construction lending continues to flow in South Florida, despite elevated interest rates, skyrocketing insurance, tariffs and other headwinds. PPG, led by Ari Pearl, as well as Isaac Khabie of Ark Ventures and Matt Press of EquiShares, plan to start development of the Palm Aire complex with five buildings on the former Nova Southeastern University campus by month end, according to Pearl and a PPG news release. […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

California and Florida Top New List of the Riskiest Housing Markets in the Nation

‘Untamed’ Oceanfront Ranch on California’s Lost Coast Lists for $10.95 Million—Complete With 788 Acres and a Herd of Zebras

How are Gen Zs affording luxury trips? For some, it’s all a facade

Video Taken Inside Jeffrey Epstein’s Palm Beach Mansion Reveals Shocking Photos of Nude Women and Meetings With High-Profile Figures

Joanna Gaines Shares Rare Glimpse Inside Daughter Ella’s Plant-Filled Bedroom at Family’s Waco Home

Frisbies are partnering with “anti-woke” 1789 Capital on $1B South Florida fund

Richman nabs $62M in financing for Lake Worth Beach workforce housing project

Caregiver arrested over alleged scheme to defraud patient of $1M Plantation home, life savings

Simone Biles Reveals Custom-Built Texas Mansion Still Isn’t Finished—After Two Years of Work

They Bought a House Sight Unseen, Only To Arrive To Find the Yard ‘Invaded’ by These 5 Aggressive Plants
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131