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Transactions - NOVEMBER 11, 2016

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Recent commercial real estate transactions

by Andrea Waitrovich

Below is a sampling of recent property transactions. The largest transactions were an office property in Southern California and a hotel in New York City.

A joint venture between Brightstone Capital Partners and Artisan Realty Advisors has purchased the Lantana Media Campus, a 478,713-square-foot office property in Santa Monica, Calif., from Jamestown Properties. The sales price is estimated to be $400 million.

And in Manhattan, The Chelsea Hotel has been sold to a joint venture, SIR Chelsea, which plans to redevelop the property as a smaller hotel and condominiums. The iconic property is changing hands for $250 million.

 

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