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Related gets $46M to improve lives of Miami's elderly

South Florida Business Journal by Oscar Pedro Musibay, Reporter –  Related Urban Development Group has been awarded $46 million in tax credit-related funding that will improve the lives of the eldery poor. The money will be used to rehab Jack Orr Plaza, an existing 200-unit community, and Collins Park Apartments, a new 117-unit development in…

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December 18, 2012

Related Acquires Last Prime Waterfront Site in Palm Beach for $121M

GlobeSt.com by Jennifer LeClaire – According to Arden M. Karson, who oversees Related’s acquisitions, distressed debt, and strategic operations, the Promenade transaction demonstrates the renewed availability of bank financing and market confidence.  Related began acquiring distressed real estate across South Florida in 2010.  To date, the firm has invested more than $600 million in various…

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Related Group affiliate takes title to Promenade

Palm Beach Post – By Kimberly Miller – An affiliate of the Related Group of Miami cast the winning bid Thursday in a Palm Beach County foreclosure auction for 323 unsold units of the Promenade Condominium in Boynton Beach. The affiliate company, PRH Boynton Beach LLC, bought the foreclosed property’s $122 million note Dec. 5….