Publications

Transactions - MARCH 10, 2017

Recent commercial real estate transactions

by Andrea Waitrovich

Transactions reported this week included the sale of a hotel in Hollywood, Calif. 

Host Hotels & Resorts has acquired the 305-room W Hollywood, which includes 10,800 square feet of high-quality retail space and seven billboards, for $219 million. The seller was a joint venture between HEI Hotels & Resorts and Gatehouse Capital.

Buyer Seller Property name  Location Size Price (m) Price/size
APARTMENTS
Robbins Electra Not disclosed Three-property portfolio Multi-city 880 units $78.40 $89,090.91
Brookview Realty Group Glenmont Capital Management/Arlington Properties Tapestry at Citrus Park Tampa, FL 400 units $73.00 $182,500.00
The Radco Cos. Sterling American Property St. Croix Apartments Tampa, FL 540 units $58.50 $108,333.33
Preferred Apartment Communities Crow Holdings Capital Partners Broadstone Citrus Village Tampa, FL 296 units $46.50 $157,094.59
Rockpoint Group SKS Trading Co. 4150 Marathon St. Hollywood, CA 94 units $34.30 $364,893.62
HOTEL
Host Hotels & Resorts HEI Hotels/Gatehouse Capital W Hollywood Hollywood, CA 305 rooms $219.00 $718,032.79
Not disclosed Lingerfelt Commonwealth Partners Richmond Marriott Short Pump Richmond, VA 243 rooms $38.50 $158,436.21
INDUSTIAL 
Finmarc Management Steuart Investment Co. 15-property portfolio Multi-city 750,000 sf $58.00 $77.33
Kroger VanTrust Real Estate 251 E. Mount Zion Road Florence, KY 674,000 sf $34.00 $50.45
OFFICES 
Swift Real Estate Partners Alecta Real Estate Investments 10900 N. Tantau Ave. Cupertino, CA 102,000 sf $78.00 $764.71
Not disclosed American Realty Advisors 150 N. Wacker Drive Chicago, IL 246,613 sf $75.00 $304.12
China Vanke Co. /Align Real Estate Not disclosed 657-667 Mission St. San Francisco, CA 130,000 sf $64.60 $496.92
Americas Capital Partners Alliance Bernstein Cascades office complex Centennial, CO 348,760 sf $63.00 $180.64
Adler Kawa Real Estate Advisors First Potomac Realty Trust/AEW Capital Management Two-property portfolio Multi-city 428,268 sf $59.50 $138.93
DivcoWest Alcion Ventures/Pacshore Partners Telephone Building Santa Monica, CA 58,540 sf $52.20 $891.70
RETAIL 
Brixmor Property Group AmCap Arborland Center Ann Arbor, MI 404,000 sf $102.00 $252.48
Washington Prime Group/O'Connor Mall Partners Not disclosed Pearlridge Center section Aiea, HI 180,000 sf $70.00 $388.89
MMG Equity Partners Orion Venture VIII KC Kendall Corners Miami, FL 98,179 sf $38.57 $392.85

 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy