Steve Ross scores $340M refi for One Flagler tower in downtown West Palm Beach
Billionaire Steve Ross scored a $340 million refinancing for the One Flagler office tower, completed this year in downtown West Palm Beach. Related Ross, Ross’ real estate firm formed last year, obtained the loan from BDT & MSD Partners for the 25-story building at 180 Lakeview Avenue, according to records. The loan refinances the $242.5 million construction loan MSD Partners provided in 2022 and increases the debt by $97.5 million. The refinancing has a floating interest rate, the mortgage record shows. Related Ross completed the 285,000-square-foot One Flagler this year, marking the first project finished by the firm. The Skidmore, […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
This is bananas: Benjamin Cos sprouts agriculture on $33M Fort Lauderdale development site
13th Floor greenlit for 30-story multifamily development in Flagler Village
Midtown wins approval for upsized multifamily project in Fort Lauderdale
Florida laws clear path for 38-story tower on site of South Beach’s historic Savoy Hotel
Lilly Pulitzer’s former estate tops Palm Beach County luxury contracts
Facing piling lender suits, Torrealba selling stake in North Bay Village site to Prosper
Federal Reserve hikes key rate for 1st time in 3 years
Speed alone doesn’t convert real estate leads
Florida housing market levels off in August
Bugatti to brand Brickell condo tower along the Miami River
