Icon Las Olas secures $140m in refinancing

Icon Las Olas, the tallest residential tower in Fort Lauderdale, Florida, has secured $139.9m in refinancing. Built in 2017 by The Related Group, Rabina Properties and Perella Weinberg Partners, the 44-story tower features 272 units and 21,415 sq ft of ground-floor retail. Amenities include a wine-tasting salon and a sky terrace with a dipping pool. SunTrust Bank originated the funding through Freddie Mac. Cushman & Wakefield was hired last year as exclusive advisor to sell the property.