DJM, a San Jose, Calif.–based private equity real estate and development firm, and Gaw Capital USA, a Hong Kong– and Los Angeles–based real estate private equity firm, announced the acquisition of Hollywood & Highland in Hollywood, Calif., one of the country’s busiest and most acclaimed shopping centers.
The seller was CIM Group.
DJM and Gaw Capital have acquired the 463,000-square-foot shopping destination for an undisclosed amount. Hollywood & Highland is the largest single-asset retail transaction to take place outside of Manhattan in nearly three years, according to Colliers International.
“Hollywood & Highland has enormous potential given its fantastic location at the gateway to new Hollywood. It is also next to Hollywood Roosevelt, our first refurbishment project that has long been recognized as an iconic, one-of-a-kind lifestyle hotel forged with distinction in Hollywood’s history,” said Goodwin Gaw, chairman and managing princi
