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GCF Development Receives $133 Million Refinance Loan for Hollywood Circle

Deutsche Bank USA provided the financial deal.

GCF Development, a national real estate development, has successfully obtained a refinancing loan of $133.5 million for Hollywood Circle, its mixed-use project spanning approximately one million square feet. The refinancing was carried out through Deutsche Bank USA, and the transaction was facilitated by Jay Miller from BayBridge Real Estate Capital. GCF Development has developed over $6 billion of real estate led by Chip Abele and Peter Jago, who expressed satisfaction with the deal’s outcome.

“We are excited to partner once again with Deutsche Bank to close such a sizable loan,” says Jago, Managing Director at GCF Development. “As we transition into 2024, this significant achievement signifies further advancement in the successful reimagining of a highly prominent area in Hollywood.”

Located at U.S. 1 and Hollywood Boulevard, Hollywood Circle is a towering structure that spans 25 stories. It is known for its Circ Residences, which offer 386 residential units, a 111-room boutique hotel, a 48,000-square-foot Publix Supermarket, 1,500-square-foot Publix Liquors, a restaurant and rooftop bar, and 6,000 square feet of retail shops.

Photo Credit: Ginger Manteloeone

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.