Pinnacle At La Cabana To Offer Affordable Housing For Seniors At 8911 Miramar Parkway, Miramar, Florida
Pinnacle has secured over $40 million in financing for their 110-unit community, Pinnacle at La Cabaña, in Miramar. It secured a $33.3 million construction loan to make the project possible. $22 million came from Bank of America, $4.3 million from the Live Local Act, $5.6 million from Neighborhood Lending Partners, and $750,000 from the United […]
Developers On Leveraging Live Local Act
Pinnacle Market Rate Division Partner and Chief Executive, Hugo Pacanins, recently discussed the state of the housing market at Bisnow’s Housing Summit. His panel, Affordable and Attainable Housing Oasis: Breaking Barriers in Florida, explored the challenges and opportunities in Florida’s housing market, including updates on market-rate and affordable housing initiatives. Other panelists included Jesta Group’s […]
Pinnacle Welcomes Regional Director of Acquisition & Development To Focus On Broward, Palm Beach And Central Florida
By CRE Sources – November 13, 2023 Pinnacle has announced the addition of Grég Gabriel as Regional Director of Acquisition and Development. Mr. Gabriel’s focus is on the Broward, Palm Beach and Central Florida markets and is based in the West Palm Beach office. He will be responsible for identifying, evaluating and acquiring new […]
Spotlight On: Hugo Pacanins, Partner and Chief Executive, Market Rate Division, Pinnacle Housing Group
By Invest – September 20, 2023 In an interview with Invest, Pinnacle partner and leader of the firm’s new market-rate division Hugo Pacanins discusses market fundamentals, the Broward County real estate market, and government policies such as the Live Local Act. He also discussed Pinnacle’s recent milestones, including Pinnacle 441 Phase 1 & 2 […]
Pinnacle 441 Second Phase Starts Construction At 6028 Johnson Street, Hollywood, FL
By Florida YIMBY – September 1, 2023 Florida YIMBY reports that construction is set to begin soon at the second phase of Pinnacle 441 in Hollywood, Florida, providing more affordable housing for South Florida. The construction of these 100 additional units is expected to be completed in approximately 16 months, with a target completion date […]
The Wolfson Family receives United Way’s highest honor
By Community News Releases – April 23, 2023 The Wolfson family has been philanthropically supporting education, healthcare, affordable housing, and the arts in Miami for over 100 years. Their dedication has earned them the 2023 Tocqueville Award for Outstanding Philanthropy, United Way of Miami’s highest honor, Miami’s Community News reports. Led by Colonel Mitchell Wolfson, […]
Pinnacle nabs $89M in construction financing for Princeton affordable rentals
By The Real Deal – April 17, 2023 Pinnacle has obtained $88.6 million in financing to construct an affordable housing complex in the Princeton neighborhood of Miami-Dade County, The Real Deal reports. Pinnacle at Tropical Pointe project will consist of 215 garden-style apartments in six buildings, with units ranging from one to four bedrooms. The […]
Pinnacle Nabs $89M for Affordable Development in Miami-Dade
By Commercial Observer – April 14, 2023 Miami-based developer Pinnacle has secured financing to develop an affordable housing, garden-style project in the Miami-Dade County, Commercial Observer reports. The development, Pinnacle at Tropical Pointe, will consist of six buildings with 215 units, a fitness centre, a swimming pool and co-working spaces. All the apartments will […]
Developer breaks ground on Miami-Dade apartments with $72 million in financing
By South Florida Business Journal – April 14, 2023 Pinnacle has secured $72.3 million in financing to develop an affordable housing community in the Princeton neighborhood of Miami, the South Florida Business Journal reports. Pinnacle at Tropical Pointe will consist of 215 affordable apartments spread across six garden-style buildings. These units will cater to […]
The Wolfson Family Receives United Way’s Highest Honor for its Outstanding Philanthropy
By CityBiz – April 10, 2023 The Wolfson family in Miami has been recognized with the 2023 Tocqueville Award for Outstanding Philanthropy by United Way of Miami, CityBiz reports. The family has been involved in philanthropy for over 100 years and has focused on supporting education, healthcare, affordable housing, and the arts. The award […]
