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Whitman Family Dev Ups Bal Harbour Shops Construction Debt With $190M
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Whitman Family Dev Ups Bal Harbour Shops Construction Debt With $190M
Whitman Family Development has secured an additional $190 million from real estate behemoth Blackstone (BX) to refinance and complete the expansion of Bal Harbour Shops, an uber-luxury mall north of Miami Beach, property records show. The new floating-rate financing — from the private equity giant’s real estate debt strategies division, better known as BREDS — brings the total financing to $740 million. The debt replaces a $550 million construc…
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