News
OPPORTUNITY KNOCKS FOR FISHER
August 21, 2009
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| Being an entrepreneurial company in today’s market has its perks—you actually stay busy. We dropped by Fisher Brothers’ Park Avenue office to chat with partner Winston Fisher (at the firm’s fabulous indoor koi pond—how’s that for a welcome?). Fisher Bros. is fresh off its acquisition of a 15.5% investment in Modern Bank, a private-client bank for high net-worth clients. |
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| He tells us that Modern and Fisher saw a great need in the market to be involved in the origination of first-mortgage loans, as well as participate in small loans to syndicates. The investment also gives Modern access to Fisher’s real estate team, enhancing its ability to make and manage targeted investments in the US. He adds that Fisher Brothers continues to evaluate entrepreneurial opportunities that fit with its core operational strengths. |
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| The firm is also in construction and development, working with financial sponsors to take over distressed developments in New York, Las Vegas, and California (in term-sheet discussions as we speak, though we're still skeptical that Californians ever get stressed out). That’s not all: add in the third phase of its 500k-SF Station Place project in DC, a JV with Louis Dreyfus Property Group, recently signing med giant Kaiser Permanente to 210k SF. The summer’s full plate means Winston, a beach volleyball aficionado, hasn’t had many chances to hit the sand. |
