Investment
Dollars into Data Centers
As new technologies ramp up the volume of the nation’s data, companies are clamoring for more storage capacity. That’s good news for investors.
David Sonnenblick’s Boutique Firm Stands with Giants
The financier’s tenacity and collaborative drive have earned him a fruitful career over the past 30 years, including 18 years at the helm of the high-touch investment banking concern he leads with longtime partner Elliot Eichner.
SLC Office Campus Changes Hands
The Muller Co. has teamed up with Cerberus Capital Management to acquire Canyon Park Technology Center, a 924,634-square-foot campus in Orem, Utah.
PPL Corp. Acquires Safari Energy
The transaction will not alter PPL’s core business strategy, but will allow it to take part in the growth of distributed energy resources, including energy storage.
AY Closes $8M Sale of WPB Office Asset
Carrier Corp. is the only tenant of the 37,392-square-foot The Atrium. The asset changed hands within 45 days of hitting the market.
AEW Sells NJ Retail Center for $42M
ShopRite is Wall Towne Center’s largest tenant, making the roughly 100,000-square-foot property the only grocery-anchored retail center along Route 34.
Skanska Invests $41M in Poland Office Campus Expansion
The High5ive complex will be the largest office development in the city of Krakow, totaling around 753,000 leasable square feet across five buildings.
Retail Properties of America Sells Last Office Asset
Schaumburg Towers in Schaumburg, Ill. comprises 895,400 square feet across 20 floors and sold for $86.6 million, a $51.4 million difference since the company purchased the campus in 2004.
Vornado to Exit Troubled Kushner Building in NYC
Kushner Cos. will buy out Vornado Realty Trust’s nearly one-half interest in the 666 Fifth Ave. office condominium, as a sale of a similar stake to another mega-investor reportedly is pending.
Memphis Industrial Portfolio Commands $50M
A partnership between Diamond Properties and funds managed by Ares Management LP acquired 43 buildings in the deal, thanks to $32.5 million in financing arranged by HFF.