Investment
Billionaire Buys Former McDonald’s HQ Campus
The quick-service restaurant chain sold the 80-acre site in Oak Brook, Ill., to John Paul DeJoria, following the company’s move to downtown Chicago last year.
Rubenstein Partners Buys CT Office Tower for $163M
The half-million-square-foot building in Stamford’s central business district was originally built to house the headquarters of the seller, the Royal Bank of Scotland.
Starwood Capital JV Acquires Sydney Office for $307M
Centuria and BlackRock had owned The Zenith, a two-building office complex in the city’s Lower North Shore, since 2016. The deal marks Starwood’s single largest transaction to date in Australia.
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SunCap Opportunity Fund Buys Orlando-Area Industrial Center
The company paid $14.9 million to acquire the eight-building, 185,000-square-foot facility in Seminole County. A CBRE team assisted the seller in the disposition.
Discovery Labs Plans $500M Philly-Area Coworking Campus
Newly established by MLP Ventures, the platform company will redevelop two campuses in King of Prussia into a 1.6 million-square-foot ecosystem for health-care, life sciences and technology-enabled businesses.
LevelTen Energy Matches Starbucks’ Portfolio PPA
The current deal marks the first time a corporate buyer simultaneously procures a fraction of the power generated by multiple new projects.
CPE’s Top 5 Posts in May
Miss any of our articles? Catch up with five of our most popular posts for the month.
Stos Partners Sells San Diego-Area Assets for $34M
In separate transactions, the company has sold a two-building, 170,805-square-foot industrial property in Chula Vista to KKR and a 50,643-square-foot office property in San Dimas to non-profit JJATC.
EverWest Sells Kansas City Office Tower for $118M
With the assistance of HFF, the real estate investment management company landed Platform Ventures as a buyer for the 243,700-square-foot, fully leased trophy asset.