OCTOBER 4, 2013

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Recent commercial real estate acquisitions

by Andrea Waitrovich

Below is a sampling of recent property transactions tracked by Real Capital Analytics (RCA). The largest completed transactions included a New York City office property and a Florida hotel property.

In Manhattan, joint venture partners Carlyle Group, Ashkenazy Acquisition and Century Plaza sold 650 Madison Ave. for $1.3 billion. The buyers were Crown Acquisition, Highgate Holding and their joint venture partners. The purchase is the largest of an entire building in the U.S. since Google Inc.’s $1.8 billion acquisition of 111 Eighth Ave. in Manhattan in late 2010.

In Orlando, Hyatt Hotels purchased The Peabody Orlando hotel from UST Hotel Joint Venture, which consists of Belz Enterprises and US Treuhand. The sales price was $717 million. The hotel has been re

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