A 4.4-acre industrial building in Burbank has changed hands for $22.2 million, or about $234 a square foot, according to real estate data provider CoStar Group Inc.
Ascent Media Management Services Inc., a regional developer based in Santa Monica, sold the property at 2130 N. Hollywood Way to Gramercy Property Trust Inc., a New York real estate investment trust.
The single-story property was built in 1965 and totals 95,000 square feet. It was renovated in 1993 and features three loading docks and two grade-level doors.
Deluxe Entertainment Services Group Inc., which does post-production for clients such as 21st Century Fox and Universal Studios, occupies the entire building. Its lease runs through 2026.
IPC Healthcare Inc. has acquired Atlantic Hospitalist Group in Macon, Ga.
The North Hollywood company, which provides doctors to hospitals and nursing homes, estimates the acquisition will expand its business by about 16,000 annual patient visits. Dr. Oyekunie Muraina, president of Atlantic, will maintain his current independent pulmonary and sleep medicine practice.
Jeffrey Taylor, chief operating officer at IPC, said the acquisition enhances the company’s presence in the Macon marketplace and positions it for future growth.
“The Atlantic hospitalists provide coverage at the same hospitals as IPC, and by combining groups we can improve coverage in those hospitals while providing a more consistent service to both the hospitals and the referring physicians,” he said in a statement released Wednesday.
Shares closed up 61 cents, or more than 1 percent, to $50.03 on the Nasdaq.
Tutor Perini Corp. has received a $56.3 million contract from Amtrack for the Hudson Yards project in New York City.
The Sylmar construction company will build a concrete casing for a future train tunnel under the Hudson River into Pennsylvania Station.
Hudson Yards is the massive private real estate development on the western edge of Manhattan that will total more than 17 million square feet of commercial and residential space.
The contract is being funded through a U.S. Department of Transportation Sandy Resiliency grant under the 2013 Disaster Relief Act.
Shares closed up 31 cents, or more than 1 percent, to $22.40 on the New York Stock Exchange.