Kevin P. Maloney

Kevin P. Maloney (born December 5, 1958) is an American real estate developer and founder of Property Markets Group.[1]

Kevin P. Maloney
Born (1958-12-05) December 5, 1958
NationalityUnited States
EducationB.A. University at Buffalo
Occupationreal estate developer
Known forfounder of Property Markets Group
Spouse(s)Tanya Babic Maloney
Childrenthree

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
  1. The Real Deal: "PMG founder Kevin Maloney on avoiding Attica, leveraging his student loans and raising chickens" by Katherine Clarke April 01, 2014
  2. New York Times: "Kevin P. Maloney - The 30-Minute Interview" By VIVIAN MARINO June 4, 2013
  3. New York Times: "NEIGHBORHOOD REPORT: UPPER WEST SIDE;Restoration Plan Irks Tenants" By BRUCE LAMBERT January 21, 1996
  4. Forbes: "Rise Of The Super Towers: The Next Big Thing In Luxury Housing" by Morgan Brennan April 20, 2013
  5. Miami Herald: "Super tall condo coming to Brickell" April 12, 2013
  6. South Florida Business Journal: "MG’s Kevin Maloney talks about the company’s strategy" by Oscar Pedro Musibay January 25, 2013
  7. The Real Deal: "PMG, JDS kick off $160M Miami condo project" By Hortense Leon March 08, 2013
  8. 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
  9. Curbed New York: "57th Street Tower Ignores the Existence of Taller Neighbors" by Hana R. Alberts March 30, 2015
  10. New York Yimby: "Interview: Michael Stern Of JDS Development" BY: NikolaiI Fedak January 24, 2014
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