Billionaire Brothers Raise U.S. Property Bet With LA Project

October 12, 2020
Benjamin Stupples - Bloomberg

David and Simon Reuben are continuing their run of big investments in U.S. real estate, financing a $275 million loan for a major construction project in Los Angeles.

The British billionaire brothers funded a senior mezzanine loan for the $2.5 billion redevelopment of the city’s Century Plaza site, according to a statement Friday. They previously acquired a stake in another loan for the project, which includes two residential towers, retail space and a luxury hotel.



714.701.9180

Arrange No Cost Consultation










Subscribe to Construction Defect Journal

 

Construction Defect Journal is aggregated from a variety of news sources, article submissions, contributors, and information from industry professionals.

No content on this site should be construed as legal advice or expert opinion. By viewing this site you agree to be bound by its terms and conditions

 

Copyright 2024 - Construction Defect Journal – All Rights Reserved