Commercial Property Executive (CPE) awarded the Ferry Building in San Francisco and Harlow in Hollywood with 2019 Distinguished Achievement Awards in October. Selected by an independent panel of industry experts, award winners represent the best deals, development and design in commercial real estate.
Ferry Building was honored with the Gold distinction for Best Investment Transaction: Single Property. The deal was applauded for its “formidable complexity,” which involved navigating an open bid process, forming a joint venture agreement with Allianz Real Estate and working with an array of public agencies, including the Port of San Francisco, the Historic Preservation Commission and the San Francisco Bay Conservation, to name a few.
Harlow was awarded the Silver award for Best Unbuilt project. Inspired by the glass stages of the 1920s, judges were impressed by the “architectural expressiveness” of the design, and noted its ambitious approach to sustainability.
“Our acquisition of the iconic Ferry Building, in partnership with Allianz, was a once-in-a-lifetime opportunity that perfectly aligned with our strategy to invest in exceptional assets in our core markets,” said Alex Vouvalides, Chief Investment Officer.
Added Chris Barton, Executive Vice President, Development and Capital Investment, “For the second year in a row, we are thrilled that CPE continues to recognize our efforts. Harlow is a perfect example of our commitment to innovation and sustainability, and our multi-disciplinary approach to new developments. ”
The 2019 CPE Distinguished Achievement Awards honored winners at a ceremony 10 Grand Central in New York.