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Colony NorthStar Vets Launch New Investment Shop
Former Colony Northstar leaders Paul Fuhrman, Jae Yi and Perry Hariri have joined forces to form Miramar Capital, a Santa Monica, CA-based real estate operating and investment platform. The three CRE veterans bring nearly six decades of experience in the successful execution of more than $5 billion of real estate investments.
Miramar plans to team with private and institutional capital sources to pursue value-add commercial real estate investments targeting infill properties where they see opportunities to create significant value through a strategic re-entitlement and redevelopment process. Miramar is focused largely on strong primary and secondary markets in California and other select West Coast markets.
The trio has already nailed down two transactions and have another two currently in escrow. Their most recent acquisition was a fully-leased office building in Mountain View, CA that was an off-market transaction through a joint venture with Grand China Overseas Investment Management LTD.
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