BGI Capital Announces Closing Of $95 Million Construction Loan For 22-Story ‘Alba Palm Beach’

Miami-based BGI Capital, managed by Kenneth Baboun and Robert Barthelmess, has announced the closure of a $95 million construction loan in partnership with Wexcor Capital, a New York City-based real estate investment, management, and advising firm. The loan was financed by Kriss Capital, a New York City-based direct lender specializing in construction and bridge loans for residential assets, and it will facilitate the completion of Alba Palm Beach.

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Related Group And Alta Developers Commence Construction On Casa Bella Residences By B&B Italia In Downtown Miami

Leading real estate developer Related Group (Related) and partner Alta Developers have broken ground for Casa Bella Residences by B&B Italia (Casa Bella), a  56-story condominium tower at 1400 Biscayne Boulevard in Downtown Miami’s Arts and Cultural District. Casa Bella marks the first residential partnership for B&B Italia, renowned for collaborations with brands like Rolex, Hermès, and Rolls-Royce.

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