Colony NorthStar alumni launch new investment firm

Miramar Capital will target office, multi-family in California

Los Angeles /
Aug.August 23, 2017 04:00 PM

Two former employees of Tom Barrack’s Colony NorthStar (CNS) have launched their own firm, Miramar Capital.

Paul Fuhrman, who was the executive director and head of U.S. acquisitions and CNS, and Jae Yi, who was a managing director responsible for sourcing and executing investments, are partnering with Perry Hariri in the new venture, PERE reported.

Hariri is a founder of longtime CNS partner Fortbay. Both Fuhrman and Yi left CNS in April.

In Los Angeles, Miramar will focus on office and multifamily investments in markets such as the South Bay and Culver City, according to PERE. It’s also established a joint venture with CNS to target development and re-entitlement opportunities in California, Fuhrman said.

The firm has already made one investment in Northern California, the acquisition of a Mountain View office building in partnership with an affiliate of Grand China.

Fuhrman said the company will raise money on a deal by deal basis for now, but might begin raising a fund down the line. [PERE] — Katherine Clarke


Related Articles

arrow_forward_ios
Renderings of One Beverly Hills and Beny Alagem. (One Beverly Hills, Getty)
Beny Alagem’s $2B Beverly Hills project gets go-ahead
Beny Alagem’s $2B Beverly Hills project gets go-ahead
The San Pedro Fish Market is one of the top-grossing restaurants in the U.S. (Getty, Facebook via San Pedro Fish Market and Restaurant / Photo Illustration by Alison Bushor for The Real Deal)
San Pedro Fish Market plans new “supersize” restaurant
San Pedro Fish Market plans new “supersize” restaurant
The Chateau Marmont (Getty) and protest signs (Unite Here Local 11)
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Chateau Marmont workers say iconic West Hollywood hotel misused rescue funds
Small Business Administration administrator Isabel Guzman (Getty, iStock)
Starved for relief: Restaurants seek $76B, far more than budgeted
Starved for relief: Restaurants seek $76B, far more than budgeted
Goodman CEO Greg Goodman and a rendering of the facility. (Goodman)
Goodman’s massive logistics center will target e-commerce tenants
Goodman’s massive logistics center will target e-commerce tenants
California is waiting to adopt the CDC maskless decision. (Getty)
California still says mask up at office, for now
California still says mask up at office, for now
Hudson Pacific Properties CEO Victor Coleman with 3400 Hillview and 3176 Porter (Getty, HPP)
Hudson Pacific posts profit after 2 straight quarters of losses
Hudson Pacific posts profit after 2 straight quarters of losses
Mariposa on 3rd
CGI Strategies secures $42M loan on Koreatown apartment complex
CGI Strategies secures $42M loan on Koreatown apartment complex
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...