Sun, Sep 24, 2017
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Ex-Colony Northstar execs launch Miramar Capital

Friday, August 25, 2017

Bailey McCann, Opalesque New York:

Colony Northstar executives Paul Fuhrman, Jae Yi and Perry Hariri have left the firm to launch Miramar Capital a Santa Monica, CA-based real estate operating and investment platform. Miramar will team with private and institutional capital sources to pursue value-add commercial real estate investments targeting infill properties in California.

The new platform has closed three transactions - the most recent being a venture with Grand China Overseas Investment Management LTD (Grand China). The two firms partnered in an off-market deal for office space in Mountain View, California. "The transaction with Grand China is an example of the kinds of deals that are in the sweet spot for us," Fuhrman explains in an interview with Opalesque. "We know the Mountain View area very well and there is an additional opportunity with re-entitlements for that property. With the operator/investor model, we are well placed to partner with other investment firms."

The other two transactions include a mixed-use development in San Jose and office space in Fremont, California.

Miramar has also reached an agreement with Colony Northstar, to pursue certain California-based development and re-entitlement opportunities, according to Fuhrman. Colony has allocated $100 million to investment opportunities with Miramar.

"Finding basic bread and butter transactions is much harder now because we are at the end of the cycle," Fuhrman says. "But we're ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  3. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  4. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  5. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N