Transactions - MAY 24, 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 three largest completed transactions included office properties in New York City, Chicago and Los Angeles.

In New York City, office investor Spear Street paid $250 million for 315 Park Ave., a 20-story, 356,000-square-foot building located between 23rd and 24th streets, from BCN Development. BCN bought the office tower for $265 million in 2007.

Heading west to the windy city of Chicago, joint venture partners JP Morgan Asset Management, Hines and the California Public Employees’ Retirement System sold the 31-story structure at 225 W. Wacker Drive to South Korean investment manager Mirae Asset Global Investments Co. for

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