Recent commercial real estate transactions
Transactions reported this week included the sale of a multifamily property in Virginia.
Monogram Residential Trust has acquired the 265-unit Latitude Apartments in Arlington, Va., for $143 million, or about $539,623 per unit. The seller was The Penrose Group.
The property consists of two 12-story buildings with 3,115 square feet of ground-floor retail.
Another high-priced multifamily deal was in Los Altos, Calif. Stanford University paid $130.5 million for Colonnade Los Altos, a complex of 167 apartments and 12,000 square feet of retail space. The seller was not disclosed.Buyer Seller Property Location Size