Home Construction
construction
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.
The firm sees a clear opportunity to expand its platform as banks scale back their commercial real estate lending platforms.
The project, being developed by Ascendant Capital Partners, is in the city’s West Village submarket.
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.
The loan will be used for the first phase of a 380,000-square-foot industrial park in Irvine, California.
The New York lender specializes in long-term credit tenant lease loans.
The median real estate manager could beat private equity returns by 20 basis points over the next decade, he said at PERE Network’s America Forum.
The New York-based investment manager originated the financing for an affiliate of Raven Capital Management.