Kevin P. Maloney
Kevin P. Maloney | |
|---|---|
| Born | Kevin Patrick Maloney December 5, 1958 |
| Nationality | United States |
| Education | B.A. University at Buffalo |
| Occupation | real estate developer |
| Known for | founder of Property Markets Group |
| Spouse | Tanya Babic Maloney |
| Children | three |
Kevin P. Maloney (born December 5, 1958) is an American real estate developer and founder of Property Markets Group.[1]
Biography
The son of a lawyer in the United States Marine Corps[1] Maloney was raised on a farm. He graduated from University at Buffalo where he used his student loans to purchase several properties.[1] After college, he worked for Chemical Bank in New York City and then Ensign Bank where he was responsible for their real estate unit.[1] In 1991, he founded Property Markets Group which specializes in residential projects in New York, South Florida and Chicago.[2] In 1994, Gary Barnett (who would later found Extell Development Company) and Ziel Feldman (who later founded HFZ Capital Group) joined him as principals of the firm.[2][3]
Maloney has developed or is developing a number of prominent buildings including the 60 story, 750 foot Echo Brickell in Miami,[4][5] the $160 million condominium project, Echo Aventura, in Aventura, Florida,[6][7] and two projects being co-developed with Michael Stern, the 1,428 foot 111 West 57th Street in Manhattan,[8][9][10] and the Walker Tower at 212 West 18th Street in Chelsea which they are converting into condominiums.[2][10]
PMG typically partners with other firms who are having some difficulty closing a project and need additional capital or expertise.[2] PMG does not hold onto real estate as a long term investment; instead they sell it to either a third party or a real estate investment trust typically after it has been mostly leased or sold out as condominiums.[2]
Personal life
Maloney lives in Manhattan and Miami. He is married to Tania Babic who is from Wales; they have one daughter, Madeleine Rose.[1] He also has two adopted children from a previous relationship.[1]
References
- ^ a b c d e f The Real Deal: "PMG founder Kevin Maloney on avoiding Attica, leveraging his student loans and raising chickens" by Katherine Clarke April 01, 2014
- ^ a b c d e New York Times: "Kevin P. Maloney - The 30-Minute Interview" By VIVIAN MARINO June 4, 2013
- ^ New York Times: "NEIGHBORHOOD REPORT: UPPER WEST SIDE;Restoration Plan Irks Tenants" By BRUCE LAMBERT January 21, 1996
- ^ Forbes: "Rise Of The Super Towers: The Next Big Thing In Luxury Housing" by Morgan Brennan April 20, 2013
- ^ Miami Herald: "Super tall condo coming to Brickell" April 12, 2013
- ^ South Florida Business Journal: "MG’s Kevin Maloney talks about the company’s strategy" by Oscar Pedro Musibay January 25, 2013
- ^ The Real Deal: "PMG, JDS kick off $160M Miami condo project" By Hortense Leon March 08, 2013
- ^ The Real Deal: "Solidarity Never: JDS, PMG look to build supertall tower sans union labor - 'It would be unprecedented': Extell's Gary Barnett, on 111 West 57th St January 15, 2015
- ^ Curbed New York: "57th Street Tower Ignores the Existence of Taller Neighbors" by Hana R. Alberts March 30, 2015
- ^ a b New York Yimby: "Interview: Michael Stern Of JDS Development" BY: NikolaiI Fedak January 24, 2014