Randy Plavajka
Sponsors Taubco and Landau Properties are planning to building a trophy office on Bay Harbor Island.
The developer, Terra, will use the financing for the first phase of a $1bn mixed-use community in South Florida.
Joel Pecoy replaces Danielle D’Ambrosio in overseeing the Charlotte-based manager’s $25bn real estate debt portfolio.
The Los Angeles-based firm sees the sector as a strong area for growth.
The New York-based manager will focus on large-balance loans through the fund, including bridge and construction deals in the mid-market.
Evergreen has raised $1bn in capital commitments following initial seed and involvement from Prosperity Asset Management.
The Newark-based manager has been refinancing sizable portfolios and tacking on more concentrated one-off deals to fuel momentum.
The transaction is a record for the Nuveen affiliate and will be used to recapitalize a Class A office building in San Jose.
The New York-based manager has tapped veteran lender Steven Schwartz to head up its real estate credit platform.
The $76.2m package will refinance a luxury hotel in Santa Fe, New Mexico.