Related Group, BH add to their Hollywood pipeline with $360M construction loan
The Pérez family’s Related Group and Isaac and Liat Toledano’s BH Group secured $360 million in construction financing for their Icon Beach Waterfront Residences, a two-story luxury condo project in Hollywood. Adi Chugh’s Tyko Capital is the lender, according to a news release. The loan adds to a pipeline of construction financing developers have secured for condo projects across South Florida this year. Icon Beach, a planned 350-unit, 31-story development at 3210-3690 South Ocean Drive, is set to begin construction in May, according to the release. It could be completed in 2028. The twin-tower project is designed by Cohen Freedman […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Now’s the time: Market forces and AI align to make property management an appealing option for brokers
The AI edge for builders: Why institutional knowledge is becoming the industry’s most valuable asset
AI is changing mortgage lending. Business intelligence is making it possible.
The other half of the lake: Why lifecycle lending is becoming mortgages’ next growth strategy
Will New Orleans’ Quirky ‘Castle’ Ever Find a King? ‘One-of-a-Kind’ Property Takes $100K Price Cut After 3 Years on the Market
A Major Housing Fix Is Waiting for Trump’s Signature—Leaving Today’s Buyers and Sellers With a Costly Question
Pulitzer-Winning Composer Charles Ives’ 1913 Arts and Crafts Home Where He ‘Created His Signature Works’ Hits the Market in Connecticut
Related Group’s Hollywood Live Local project draws suit from residents, nonprofit
Illegal Immigration Under Biden Drove Home Prices 6.6% Higher, New Study Finds
AvalonBay buys city block in South Miami as investors get in position for multifamily bounceback
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131