Blackstone Provides $224M Loan For Mixed-Use Development On Biscayne Boulevard, Miami

Located at 2900 Biscayne Boulevard in Miami, this mixed-use development has recently undergone a closed transaction. The property, owned by Crescent Heights represented by Sonny Kahn, Russell Galbut, and Bruce Menin, caught the attention of lender blackstone''>Blackstone, who provided a loan amount of $224,000,000.

Summary of transaction details

• Property Type: Mixed-use Development
• Transaction Amount: $224,000,000
• Market: Miami
• Address: 2900 Biscayne Boulevard

The key individuals and companies involved in this deal include Crescent Heights, represented by Sonny Kahn, Russell Galbut, and Bruce Menin, as the property owners. On the other side, Blackstone takes the role of the lender, providing the significant loan amount. The transaction highlights the trust placed in this property's potential.