SAN FRANCISCO-In late June, we reported that work had begun on Tishman Speyer and China Vanke's Lumina, San Francisco's newest large-scale luxury condominium project, located at Main and Folsom Streets. In an update to that story, we learned that HFF arranged $371.7 million in non-recourse construction financing for the two residential towers that will reach 350 and 400 feet tall.
Designed by the award-winning Bernardo Fort-Brescia of Arquitectonica, Lumina is a community of 655 luxury condominium residences with retail and parking where SOMA meets the waterfront, as GlobeSt.com previously reported.
The HFF team, led by senior managing directors Mike Tepedino and Bruce Ganong and team members Michael Gigliotti, Jennifer Keller and Brandon Roth, secured a single source lender in Cornerstone Real Estate Advisers, on behalf of an institutional investor, to provide the non-recourse construction financing.
“We are very pleased to have assisted Tishman in securing financing for this landmark project. Investors were extremely responsive to the strong performance of Tishman's nearby condominium development, The Infinity, as well as the excellent location within the much sought-after Rincon Hill neighborhood,” Tepedino says.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
