offices

Torose Capital targets value-added office, retail and mixed-use following firm launch.

Over the past 12 months, the firm has transacted on about $500m of acquisitions, evenly split between office and multifamily.

The 74-story mixed-use property will be the tallest building in Texas when it comes online in 2026.

The financing package for 5 Times Square is one of three major loans originated on offices in the submarket in the past few months.

The firm recently arranged a $230m refinancing for a Lower Manhattan residential tower.

The funding is split into a $67.6m mezzanine loan and a $147.5m senior loan.

The firm recently expanded in the Pacific Northwest, hiring Blake Rodgers to head its new Seattle office. 

The Newport Beach-based office specialist has also had a solid leasing year as the return to office slowly picks up pace.

Lenders and borrowers are still making deals despite mounting concerns over the cost of capital and economic stagnation, according to George Smith Partners’ Gary Mozer.

The manager is bullish about the sector, despite market headwinds.