Transactions - JANUARY 27, 2017

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Recent commercial real estate transactions

by Andrea Waitrovich

Below is a sampling of recent property transactions. The largest transaction was an office property in New York City.

GIC, Singapore’s sovereign wealth fund, and Paramount Group have formed a 95/5 joint venture to acquire the office at 60 Wall St. in Manhattan for $1.04 billion.

Other high-priced transactions include SL Green Realty Corp. selling a 27.6 percent interest in One Vanderbilt Avenue in Manhattan to the National Pension Service of Korea, and a 1.4 percent interest to Hines Interest for $525 million. The building is under construction and is located adjacent to Grand Central Terminal. 

Another deal is the Macy's Men's Store in Union Square, San Francisco, sold for $250 million to Blatteis & Schnur and Morgan Stanley Real Estate Investing.


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