Kevin P. Maloney | |
|---|---|
| Born | December 5, 1958 |
| Nationality | American |
| 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]
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]
Maloney lives in Manhattan and Miami. He is married to Tania Babic who is from London; they have 3 kids a daughter, Madeline Rose age 10, who is from London also, Another daugteris called Sierria and is 18, Her twin brother Brandon is also 18[1] He also has two other children a girl, named Mia Maloney, who is 16 and a boy, named Aries, who is 5. [1]