SHVO has secured $190 million in new financing for Miami Beach’s The Raleigh Hotel & Residences. BH3 Debt Opportunity Fund II, L.P., led by BH3 Management, provided the loan and Walker & Dunlop’s New York Capital Markets team facilitated it. This investment of approximately $1 billion – including an equity contribution of over $300 million – is one of the largest investments ever made in Miami Beach and will redefine its historic Art Deco district with a 60-suite full-service hotel managed by Rosewood Hotels & Resorts, a 17-story oceanfront tower with 42 Rosewood residences and a private member’s club featuring Michelin-starred dining concepts designed by architect Peter Marino in collaboration with Kobi Karp Architecture.
“Nonprofit HOPE Program Secures 10-Year Renewal with Assistance from Cresa”
Cresa’s senior advisors, Waite Buckley and Michael Herz, successfully negotiated a 10-year renewal lease for 7,500 square feet at 1
Steve Griffin
November 15, 2024
