Southeast

NP International, which acquired the 4.3-acre site in November 2016 from Berkowitz Development for $60.25 million, has hired UK-headquartered Balfour Betty to build the transit-oriented project that is scheduled for delivery in the fourth quarter of 2020 and is designed to achieve LEED-certified Silver designation.

Amenities include a car care center, fitness center, pet walk and care stations, a playground, sports court and swimming pool.

Moore, who joins the firm from ARA, will execute multihousing investment advisory transactions in the southeastern US.

The SVAP III fund intends to primarily target grocery-anchored shopping centers, street retail, power centers and mixed-use properties in major markets across the United States.

Between 2010 and 2019 data center supply will have increased from 9.7 million gross square feet to nearly 21 million gross square feet, while total megawatts will have jumped from 498 to 1,570.

Separately, GGP's proposed acquisition by Brookfield Property appears to be heading to the finish line.

As previously reported by GlobeSt.com, New York-based PCCP acquired Cumberland Center II for $68.3 million in May 2018.

The Coastal Ridge/H. Katz joint venture has purchased more than $1 billion in properties since its inception in November 2014.