BY: SEAN ROTH | REAL ESTATE EDITOR | Original Source BUYER: Lakeview Office Center LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: EP East Tampa LLC PROPERTY: 6700 Lakeview Center Drive, Tampa PRICE: $13.74 million PREVIOUS PRICE: $12.65 million, October … 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
By: Sean Roth | Real Estate Editor | Original Source BUYER: Sarasota Sun Center LLC (principal: Walter S. Hagenbuckle), Bonita Springs SELLER: Y Associates Ltd. PROPERTY: 1 S. School Ave., Sarasota PRICE: $11.5 million PREVIOUS PRICE: $500,000, July 1999 LAW … 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.
02 | 04 | 2013 Steve Hagenbuckle, managing principal of TerraCap Management, discusses trends in commercial real estate investing and opportunities in private equity.
01 | 25 | 2013 Cape Coral investment fund TerraCap Partners II purchased 196 units, the clubhouse, common areas and associate amenities of the Coral Cove Condominiums for $8.13 million. click for full article
01 | 24 | 2013 TerraCap Partners is pleased to announce it has named James Lane as the firm’s Director of Investor Relations. In this new role, Mr. Lane will communicate directly with TerraCap’s existing clients and also use his … Read More
01 | 02 | 2013 TerraCap Management has held a second close on $30 million of equity for its latest fund, TerraCap Partners II, with a commitment coming from the University of Florida’s endowment fund and several family offices. The … Read More
12 | 28 | 2012 So far this year, TerraCap’s second fund has acquired two hotels in Fort Myers Beach and Bonita Springs, office buildings in north Fort Myers and Bonita Springs, a 196-unit apartment building in Cape Coral and … Read More
12 | 24 | 2012 We’re starting to see a recovery take root, particularly led by the residential sector. This recovery is starting to be accepted broadly and is well-tracked by statistics from the Case-Schiller Index. Residences are stabilizing and … Read More
12 | 21 | 2012 “Buying and selling in the residential market continues to improve at a steady clip despite the lack of adequate supply of new housing out there,” Stephen Hagenbuckle, founder of the real estate private equity firm … Read More