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One of Fisher Capital’s specialties is real
estate investments and transactions. Our expertise in this area
has allowed us to look creatively at a broad range of real estate
development and exchange deals, culminating in numerous successful
ventures during our history.
Read more about our real estate projects.
Real Estate Investments—project
profiles
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Tradition Golf Club
Capitalizing on a unique opportunity, Fisher Capital invested in
one of the premier golf communities in the Palm Springs area. Tradition
Golf Club is a single-family residential golf course community in
La Quinta, CA. Fisher Capital invested substantial equity and provided
credit enhancements for the purchase of the remaining 100 home lots
as well as the golf operations. We also provided oversight of all
banking, accounting operations, budgeting and overall strategy.
Within two years the majority of the lots were sold, the debt was
extinguished and the balance of the equity was refinanced. Visit
Tradition Golf Club
Bay Point Marriott
Bay Point Marriott includes a 356-room Marriott Hotel, two golf
courses, condominiums and retail space in Panama City, FL. The redevelopment
project consists of upgrading the hotel, building 84 new condominiums
and adding a new Nicklaus Design golf course. The redevelopment
and repositioning of the resort is being led by a very successful
and experienced management company with which we have established
a long-term relationship. Visit
Bay Point Marriott
Dial Research Facility
In conjunction with long-time development partner Univest (learn
more), a Phoenix-based real estate developer, we were chosen
to redevelop the Dial Corporation Research Facility, a 250,000-square-foot
campus on 23 acres in Scottsdale, AZ. The build-to-suit opportunity
was originally intended to combine Dial’s current research
facilities with its corporate office on one campus. Fisher Capital
completed its due diligence and funded the equity within seven days
of its introduction to the property.
Metro Towne Center
Metro Towne Center included the redevelopment of an 8-acre site
adjacent to the Metro Towne Center Mall in Phoenix, AZ. The development
consisted of 148,500 square feet of retail space anchored by PetSmart
and a Ross Dress for Less. Based upon transaction dynamics Fisher
Capital was able to perform its due diligence and commit to a substantial
equity investment within an extremely abbreviated timeframe.
Shields Street
Shields Street is the largest affordable housing developer in northern
Colorado. Fisher Capital worked with its partner and a large multinational
corporation to obtain low-income housing tax credits to make the
projects feasible. Shields Street continues to own and operate these
properties.
Broadmoor Town Center
Anchored by a Home Depot, Broadmoor Town Center is a development
located in Colorado Springs, CO. It consists of approximately 250,000
square feet of big-box space, in-line shop space, as well as numerous
pad sites. Partnering through a long-term relationship, we helped
facilitate the property’s development, leasing and sale within
a short period of time.
Quebec Highlands Shopping Center
The Quebec Highlands Shopping Center is a 30,000-square-foot retail
strip center in Highlands Ranch, CO. Fisher Capital purchased this
property when the occupancy level was less than 50 percent. Through
strong marketing and management efforts, Fisher Capital fully leased
the property in a short time period.
Fallbrook Mall
Located in Canoga Park, CA, Fallbrook Mall consists of approximately
285,000 square feet with major tenants such as Wal-Mart, Burlington
Coat Factory and Ralphs. This opportunity was our initial investment
with Univest. Fisher Capital provided all of the equity to purchase
the property and redevelop it. We have now held the property for
more than a decade and continue to foster a strong and active relationship
with Univest.
Gateway Retail Center
Another Univest-sponsored project, Gateway Retail Center is a new
development consisting of 25,663 square feet of retail shop space
in Scottsdale, AZ. The project was 80 percent pre-leased when construction
started, and was later sold. Fisher Capital was the sole equity
source.
Soto and Olympic
Soto and Olympic is a redevelopment project in Los Angeles. Site
of a former catalog fulfillment center and warehouse, the project
will ultimately consist of approximately 2,000,000 square-feet of
residential, retail and office mix-use space. Given the site’s
historic preservation status and its inclusion in the city’s
Project Genesis redevelopment initiative, this continues to be a
high-profile partnership for Fisher Capital.
Clayton Lane
Clayton Lane is a $150 million development located in the upscale
Cherry Creek area of Denver. Fisher Capital was part of an equity
group that partnered with Sears in the project that included the
construction of the new Janus Capital headquarters, a JW Marriott
hotel, large and small-box retail space, and residential lofts.
The project won many national awards and set new standards in per-square-foot
selling prices. Most importantly, this project helped Fisher Capital
establish a new relationship with a prominent Denver developer.
Visit Clayton
Lane and Nichols
Partnerships to learn more.
Overton Square
Overton Square is a 90,000-square-foot retail/restaurant/entertainment
complex in Memphis, TN. One of the hottest spots in Memphis during
the 1970s, the Square needed new ownership to recapture its former
prominence. Partnering with local businessmen, Fisher Capital purchased
the property, which is currently being redeveloped with a new big-box
tenant. Visit
Overton Square
Morningtree Park
A Denver developer had initially contracted to purchase Morningtree
Park, a 403-unit apartment community in Lakewood, WA. However, prior
to closing, the equity investor pulled out of the transaction. The
developer brought the opportunity to Fisher Capital with an extremely
short timeframe. We were able to complete site inspections and due
diligence in less than seven days and agreed to provide the necessary
equity. The property has now been successfully renovated and repositioned.
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