News

By: Sean Roth | Real Estate Editor | Original Source BUYER: SD Emerson LLC (manager: Brian Stock), Naples SELLER: Emerson Village LLC PROPERTY: west of Tamiami Trail between Hidden Gateway Boulevard and Emerson Square Boulevard, Fort Myers PRICE: $3 million … Read More

By: Sean Roth | Real Estate Editor | Original Source The investment fund TerraCap Partners received approval from the City Council of Punta Gorda, allowing it to create a large mixed-use development on Jones Loop Road between Interstate 75 and … Read More

06 | 10 | 2014 “The acquisitions of Lakeview and Eastpointe bring TerraCap’s investments in Tampa to eight buildings comprising 600,000 square feet,” said Albert Livingston, TerraCap director of asset management at TerraCap. click here to read more

04 | 21 | 2014 “Celebration IV stands out from its competitors as one of the more modern office buildings in this market.  The new ownership is incredibly proactive and has some great initiatives to refresh and reposition the property,” … Read More

03 | 28 | 2014 After the real estate crash in 2007, new home construction was halted and land held by home builders and investors were either foreclosed by banks or turned back into farmland. However, with a shortage of … Read More

01 | 31 | 2014 TerraCap Partners’ investment fund TerraCap Partners II purchased the 63,515-square-foot Fairfax II office building for $4 million. The price equated to $63 per square foot. That figure is lower than the two-year average price per square … Read More

11 | 11 | 2013 “They were looking to recapitalize, so we stepped in to do that and took them in as partner,” says W. Steve Hagenbuckle, managing principal of TerraCap Partners. “With that one we now have 15 buildings in … Read More

09 | 27 | 2013 TerraCap acquired commercial properties in recent years because Hagenbuckle says they were undervalued. “The pendulum had swayed way too far in this market,” he says. “We have properties where we’re raising rental rates.” click to read more

09 | 20 | 2013 Bonita Springs investment fund TerraCap Partners II purchased the 223,547 square-foot Lakeside Technology Center for $4.7 million. The price equated to $21 per square foot. That figure is lower than the two-year average price per square foot for … Read More

07 | 11 | 2013 “There’s a real supply crunch,” Hagenbuckle, founder of Bonita Springs, Florida-based TerraCap, said in a phone interview. “We’re inundated by buyers from Brazil, Argentina and Venezuela. The market is rising and Miami is built out.” … Read More

06 | 07 |2013 Bonita Springs-based TerraCap Partners II purchased four commercial buildings in Westlinks Business Park for $3.3 million. The price equated to $30 per square foot. That figure is lower than the two-year average price per square foot … Read More

04 | 15 | 2013 The $180 million pension fund committed $6 million each to Long Wharf Real Estate Partners IV and TerraCap Partners II, managed by TerraCap Management, and $2 million to IC Berkeley Partners III, managed by Industry … Read More

04 | 10 | 2013 Steve Hagenbuckle, managing principal of TerraCap Management, discusses trends in commercial real estate investing and opportunities in private equity.  

03 | 21 | 2013 Real estate gurus frequently talk about “shadow inventory” in the residential markets. But there’s a similar phenomenon occurring in the commercial real estate markets that should be encouraging for nearly every commercial real estate investor, … Read More

02 | 25 | 2013 Bob Gray, managing principal of TerraCap Management, discusses trends in commercial real estate investing and opportunities in private equity.