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JLL arranged the financing for Five Star Development to finish the $2bn project development.
The borrower in the deal is American Lions, a joint venture between Fetner Properties and the Lions Group.
The New York-based lender has added exposure in Honolulu’s Ala Moana submarket with one of the largest deals signed so far in 2023.
Los Angeles firm closes $3.8bn of debt in 2022 across bridge, construction, mezz lines.
Robert Lapidus, L&L president and CIO, says the firm is looking past New York for its next deals.
Torose Capital targets value-added office, retail and mixed-use following firm launch.
The financing will be used to launch development of a transit-oriented project in East Orange.
Sponsors include Goldman Sachs AM, Domain Companies, Vorea Group and Mega Development
The 74-story mixed-use property will be the tallest building in Texas when it comes online in 2026.
The mixed-use development includes C-PACE and pref equity components to complete the capital stack.
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