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ULI West Palm Beach Event | May 11, 2018

BGI Capital

Urban Land Institute in collaboration with West Palm Beach Downtown Development Authority hosted the 2018 West Palm Beach Development & Investment Forum

BGI Capital’s Manuela Barson and Robert Barthelmess joined local leaders at the 2018 West Palm Beach Development & Investment Forum as they discussed the rapid growth of West Palm Beach. With a reported 2.8% population increase the city has over 2 Billion dollars worth of upcoming projects in their pipeline from hotels and condos to community redevelopment.

Biltmore Parc Developer Scores Condo Inventory Loan For Unsold Units
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Biltmore Parc developer scores condo inventory loan for unsold units

Coral Gables developer Alirio Torrealba closed on a condo inventory loan for unsold units at Biltmore Parc. Torrealba’s MG Developer secured a $7.75 million loan from BGI Capital, according to a press release. The financing comes as MG Developer hired One Sotheby’s International Realty to take over remaining sales of its Coral Gables developments, including 11 condos at Biltmore Parc. Fortune International Realty previously handled sales for MG Developer.
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