Billionaire Brothers Raise U.S. Property Bet With LA Project
- Reubens are financing a $275 million loan for Century Plaza
- U.K. siblings have also done N.Y. retail and apartment deals
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David and Simon Reuben are continuing their run of big investments in U.S. real estate, financing a $275 million loan for a major construction project in Los Angeles.
The British billionaire brothers funded a senior mezzanine loan for the $2.5 billion redevelopment of the city’s Century Plaza site, according to a statement Friday. They previously acquired a stake in another loan for the project, which includes two residential towers, retail space and a luxury hotel.