Kevin P. Maloney

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, from London, with whom he has three children. He also has two adopted children from a previous relationship.^[1]