Investment
Manhattan Office Asset Lands $200M Recap
Silverstein Properties has acquired a majority interest of 619 West 54th St.. The company partnered with Taconic, which purchased the Hell’s Kitchen asset five years ago.
Gazit-Globe Launches US Investment Subsidiary
The company, led by Jeffrey Mooallem, will target large properties with mixed-use potential in major metro markets, as well as value-add projects in certain gateway cities.
Moore’s Food Resources Establishes Roots in Greenville County
The natural foods provider is planning to create a new 131,200-square-foot facility in Piedmont, S.C. The company will bring $15 million in capital investment to the city and is expected to create 182 new jobs.
Pattern Energy Acquires 324MW Broadview Wind Facilities
The California investor acquired interest in the two wind projects that comprise the 324-megawatt Broadview Wind power facilities and the associated independent 35-mile 345-kilovolt Western Interconnect transmission line for $215 million in cash and an assumed project loan of $54 million.
Robbins Electra Lands Eighth Charlotte Property
The Tampa-based owner-operator purchased Pavilion Crossings, a 408-unit community that will be rebranded as Grand Reserve at Pavilion. The property will undergo a $3.6 million renovation process.
Duke Realty Grows South Florida Industrial Portfolio
The acquisition of the newly constructed facilities helped raise the company’s portfolio in the market to 5.9 million square feet.
Hudson Pacific Nabs $200M Hollywood Studio
The 369,000-square-foot media and entertainment campus at 1040 N. Las Palmas Ave. first opened the doors of its stages and bungalows in 1919.
CBRE Global Buys Atlanta Retail Center for $109M
The company has partnered with Universal-Investment to acquire North Point MarketCenter, a more than 427,000-square-foot Class A shopping mall in Alpharetta, Ga.
Gramercy Europe, AXA Trade $1.1B Portfolio
The industrial, retail and office assets are primarily located in Germany and the Netherlands, with smaller footprints in France, Poland and the United Kingdom.
Hill Properties, ReCap JV Nabs 186 KSF Industrial Park in San Diego
JLL arranged the $31.4 million sale of Scripps Ranch Business Park. The nine-building complex is fully leased to nine tenants.