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Transactions

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

 

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