Publications

AUGUST 9, 2013

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 properties in California and Washington, D.C., acquired by Jamestown Properties.

Jamestown Properties purchased, Lantana Entertainment and Media Center, a 462,429-square-foot office campus located in Santa Monica, Calif., for $313.7 million. The seller was Lionstone Urban Investments Two, a value-add real estate investment fund managed by Houston-based The Lionstone Group.

The firm also paid $308 million for One Metro Center, an office building in Washington, D.C. The 421,235-square-foot property was sold by Clarion Partners.

 

Buyer

Seller

Type

Size

Location

Price (M)

Price/Units

Bonjour Capital

Simon Dev Group/Meadow Partners

Apartment

130 units

Long Island City, NY

$85.00

$653,846.15

ROC|Bridge Partners

Equity Residential

Apartment

480 units

Phoenix, AZ

$52.75

$109,895.83

DSF Group

Guggenheim Partners/Dolben Cos.

Apartment

245 units

Tewksbury, MA

$46.75

$190,816.33

Milestone APTS REIT

Milestone Management

Apartment

358 units

Denver, CO

$40.50

$113,128.49

Landmark ATA

Cagan Management

Apartment

522 units

Ocoee, FL

$34.75

$66,579.01

WRH Income Properties

Aspen Square Management

Apartment

289 units

Jacksonville, FL

$19.20

$66,435.99

Blue Rock Partners/Konover South

Robbins Property Associates

Apartment

256 units

Sanford, FL

$18.50

$72,265.63

Hamilton Point Investments

Ocwen Financial

Apartment

274 units

Denham Springs, LA

$15.90

$58,029.20

Monarch

Launch Development

Apartment

228 units

Kansas City, MO

$10.80

$47,368.42

Lantern Asset Management

Lehman Bros.

Hotel

548 rooms

Lahaina, HI

$100.00

$182,481.75

Hospitality Properties Trust

Destination Hotels & Resorts

Hotel

219 rooms

Florham Park, NJ

$52.75

$240,867.58

Columbia West Properties

Coastal Hotel Group/Olympic Investors

Hotel

140 rooms

Portland, OR

$28.50

$203,571.43

DeBartolo Development

Ramsfield Hospitality Finance

Hotel

132 rooms

Honolulu, HI

$18.00

$136,363.64

Cole Corp. Income Trust

USAA Real Estate

Industrial

1,015,740 sf

Chester, VA

$81.30

$80.04

Cole Corp. Income Trust

USAA Real Estate

Industrial

1,015,740 sf

Murfreesboro, TN

$69.10

$68.03

Ardagh Group

Hanover Direct

Industrial

640,832 sf

Roanoke, VA

$14.50

$22.63

Jamestown Properties

Lionstone Group

Office

462,429 sf

Santa Monica, CA

$313.71

$678.39

Jamestown Properties

Clarion Partners

Office

421,235 sf

Washington, DC

$308.20

$731.66

Hudson Pacific Properties

Spear Street Capital

Office

492,504 sf

Seattle, WA

$224.94

$456.72

Hudson Pacific Properties

Spear Street Capital

Office

188,396 sf

Seattle, WA

$106.41

$564.81

Amtrust Realty Corp.

Kemper Corp.

Office

530,000 sf

Chicago, IL

$85.00

$160.38

Choice Hotels International

Akridge Real Estate Services

Office

122,543 sf

Bethesda, MD

$46.00

$375.38

Hudson Pacific Properties

Spear Street Capital

Office

176,664 sf

Lynnwood, WA

$41.75

$236.32

Keystone Equities

Bank of East Asia

Office

47,551 sf

New York, NY

$41.25

$867.49

Robert Sisca

Banker & Banker Realty/Homewood Real Estate Partners

Office

130,000 sf

Greenwich, CT

$38.85

$298.85

Tower Realty Partners/Second City Capital Partners/Feldman Equities

CNL Financial Group

Office

185,674 sf

St. Petersburg, FL

$20.01

$107.75

MVP REIT

Stable Development

Office

47,501 sf

Las Vegas, NV

$15.00

$315.78

Omninet Capital

NBS Real Estate Capital

Office

173,000 sf

Phoenix, AZ

$14.80

$85.55

The Keith Corp.

First Colony Corp.

Office

59,325 sf

Charlotte, NC

$11.90

$200.55

Mutual of Omaha

Freelife International

Office

73,377 sf

Phoenix, AZ

$11.59

$158.00

Commerce Street Nashville Partnership

Wells Real Estate Funds

Office

114,000 sf

Nashville, TN

$11.20

$98.25

Kushner Cos.

Walter & Samuels

Retail

167,838 sf

New York, NY

$84.00

$500.48

Tri-City Healthcare District

Carltas Co.

Retail

83,000 sf

Carlsbad, CA

$47.00

$566.27

Phillips Edison–ARC

Nightingale Properties

Retail

207,567 sf

Macon, GA

$32.40

$156.09

IPC Corp.

WM Krug

Retail

82,453 sf

Naperville, IL

$24.40

$295.93

RioCan REIT

EDENS

Retail

98,186 sf

California, MD

$20.00

$203.70

Slate Properties

Oppidan Investment Co.

Retail

191,639 sf

Brainerd, MN

$19.10

$99.67

Vivienne Westwood

Starwood Capital Group

Retail

11,138 sf

New York, NY

$13.50

$1,212.07

Slate Properties

Oppidan Investment Co.

Retail

73,678 sf

Saint Paul, MN

$10.20

$138.44

 

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