CBRE - Mergers and acquisitions

Strategic capital supports continued expansion of unique infrastructure site platform across digital, renewable and transportation sectors CBRE Investment Management (CBRE IM) and Accelerate Infrastructure Opportunities (Accelerate) today announced the closing of a $630 million primary capital raise following strong demand from global investors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260507061601/en/Aerial view of a solar farm, illustrative of the renewable infrastructure sites Accelerate acquires across its digital, renewable and transportation platform. The capital raise includes additional investments from funds man

Proceeds to Support Growth of Accelerate's Leading Real Estate Under Critical Infrastructure Acquisition Strategy Accelerate Infrastructure Opportunities (Accelerate) today announced a $780 million capital raise comprised of a $630 million equity commitment from funds and co-investors managed by CBRE Investment Management (CBRE IM) and a $150 million inaugural asset-backed securitization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029189842/en/Accelerate invests in real estate under digital, renewable, and transportation infrastructure that powers a connected, sustainable, and on-time economy. (Photo: Business Wire) Accel

CBRE Group, Inc. (NYSE:CBRE) today announced the acquisition of Direct Line Global, a premier provider of mission-critical data center infrastructure for the world's leading technology companies, from Guardian Capital, a private equity firm. The acquisition is expected to be immediately accretive to CBRE's core earnings-per-share. Founded in 1997, Direct Line Global provides design, installation, maintenance and management solutions for data center owners and operators, primarily in the U.S. It is focused on serving the world's largest global technology companies across the hyperscale market, which is growing rapidly, co-location and enterprise segments. The global market for data cente

Accelerate Investment Partners and CBRE Investment Management (CBRE IM) have launched Accelerate Infrastructure Opportunities, a new strategy to invest in digital and renewable real property interests across North America. Accelerate's infrastructure strategy acquires, owns and manages investments in ground leases and land under critical infrastructure assets that generate long-term, sustainable cash flow, such as cellular infrastructure, billboards and renewable assets, including wind, solar, storage and EV charging projects. "We are excited to have a strong, supportive partner in CBRE IM to help fund our company's growth," said Brennan Potts, founder and CEO of Accelerate. "Our ability

WEST PALM BEACH, Fla., Dec. 20, 2022 /PRNewswire/ -- Mint Eco Car Wash has announced the acquisition of its tenth site in Palm Beach County, officially making the award-winning, local brand the largest car wash business in the County. "We announced at the beginning of 2022 that Mint Eco's mission is to bring happiness to Palm Beach County through the acquisition and development of 50 car washes over the next ten years," shared CEO and Co-Founder Geoffrey Jervis. "Our goal for 2022 was to build a portfolio of ten car washes, and we are proud to have reached this first major mil

Investor Consortium Led by Swiss Life and EDF Invest Acquires 35% Interest in DataBank for approximately $1.5B DALLAS, Aug. 30, 2022 /PRNewswire/ -- DataBank, a leading provider of enterprise-class colocation, interconnection, and managed services, today announced the closing of its initial recapitalization led by  Swiss Life Asset Management AG ("SLAM"), EDF Invest ("EDF"), Northleaf Capital Partners, Ardian and CBRE Investment Management. Structured as a sale of ownership interests from existing investors for $1.5B, the new investor consortium will now own 35% of the fully-diluted equity interests in DataBank. The new investor group joins DigitalBridge, which remains invested in the compa

WEST PALM BEACH, Fla., March 3, 2022 /PRNewswire/ -- Mint Eco Car Wash announced today the completion of a capital raise that provides the locally owned and operated company total equity capital of $50MM. This capital will allow Mint Eco to invest over $150MM in acquiring and developing car washes in Palm Beach County. Initial plans include 20 washes before year end 2024 and a portfolio of 50 washes in Palm Beach County before 2030. Geoffrey Jervis, Co-Founder and CEO of Mint Eco, shared, "When we started Mint Eco Car Wash in West Palm Beach in 2019, our vision was for a comp

Aurora Industrial, LLC ("Aurora") announced that it closed on a 15-asset industrial portfolio, comprised of approximately 2.9 million square feet, in Cleveland, Ohio. The seller of the Cleveland portfolio was Premier Development Partners, one of the leading development firms in Cleveland ("Premier"). The seller was advised by CBRE National Partners in the disposition of the Cleveland portfolio. The Cleveland portfolio was acquired and/or developed by Premier over the past 15 years and is comprised of a diverse mix of tenants in industries ranging from home furnishings to logistics. Mukang Cho, CEO of Aurora, commented, "Premier has assembled a portfolio of exceptionally well-located, func

NEW YORK, May 17, 2021 /PRNewswire/ -- Paramount Group, Inc. (NYSE:PGRE) ("Paramount") today announced plans for an extensive repositioning of 60 Wall Street's base and interiors, including its soaring lobby and vast public atrium. With construction set to begin in summer of 2022, the postmodern building's revitalization includes a transformative opening up of the facade, new triple height windows, the addition of a skylight to cast natural light into the atrium, and the installation of the largest indoor green wall in North America. New lively amenities including a restaurant and cafe are also planned with additional seating in the atrium to transform 60 Wall Street into a destination for p

Baltimore, Maryland, March 24, 2021 (GLOBE NEWSWIRE) -- Merritt Properties, a Baltimore-based full-service commercial real estate development company with more than 17 million square feet throughout Maryland, Virginia, and North Carolina, announced today that it has purchased 10301 Philadelphia Road in White Marsh, Md., a former GM Baltimore Global Propulsions Systems site that opened in 2000 to produce transmissions and electric motors before it closed in 2019. Located off Interstate I-95 near Interstate 695, the 56-acre project will be known as White Marsh Interchange Park. “We are excited to have the opportunity to develop this property. The exceptional location offers excellent ac

DALLAS--(BUSINESS WIRE)--CBRE Group, Inc. (NYSE:CBRE) today announced the acquisition of a 35 percent interest in Industrious, a leading provider of premium flexible workplace solutions in the U.S. CBRE is now Industrious’ largest shareholder. In addition, CBRE is expected to acquire an additional 5 percent of Industrious in the coming weeks, which would result in a 40 percent total stake. The investment significantly increases CBRE’s participation in the flexible workplace sector and positions the company to meet rising demand from occupiers for agile space solutions — a trend that is being accelerated by the Covid-19 pandemic. Recent CBRE surveys show that 86% of its occupier cli

SAN JOSE, Calif.--(BUSINESS WIRE)--KBS, one of the largest investors in premier commercial real estate in the nation, announced today that it has sold a 96,502-square-foot building at District 237, an eight-building, 415,492-square-foot, Class A office/R&D complex in San Jose, California. The building at 350 Holger Way, owned by KBS Real Estate Investment Trust II, was sold to Thor Equities for $50.5 million. District 237, formerly known as Corporate Technology Centre, is located in the North San Jose submarket of the Silicon Valley, an area of Northern California that is highly popular among office users, according to Giovanni (Gio) Cordoves, Western regional president for KBS.