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December 15, 2014

Related Group affiliate secures $61M apartment loan

South Florida Business Journal by Brian Bandell. An affiliate of the Related Group scored a $61.43 million mortgage for its recently completed apartment project in the Fontainebleau area of Miami-Dade County. Regions Bank provided the loan to RD Fontainebleau, a Related Group affiliate that finished building Doral View apartments at 913 N.W. 97th Ave. It started construction in…

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A five-year-old condo boom continues

South Florida Business Journal by Nina Lincoff. South Florida’s condo market revival started in 2009 after bank-held inventory started rising in price. Cash buyers’ strong demand for condo units made it a no-brainer for developers to build condominium projects again, said Carlos Ross, president of the Condominium Development Division for The Related Group, a company…