(Crystal Proenza is associate editor of RealEstate Florida.)
MIAMI-Adding to a growing number of similar announcements,locally based Park Capital Group LLC says it intends to invest $1billion in business and real estate developments by next September,with plans to finance $200 million in projects around the globethis month. Up to two thirds of the private equity group'sinvestments are big development projects, says Vincent Bui, aspokesman for the real estate lending arm of Park Capital.
The names of the projects already financed have not yet beenreleased, but there is one located in Ohio and one in Florida. Thecompany says the fund is "wide open" and is not specifying anyparticular type of targeted property on the commercial end,promising to look at every individual deal separately.
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