Recent commercial real estate transactions
Transactions reported this week included the sale of an office in Seattle.
Union Investment acquired the class A Midtown21 office building in Seattle for $330 million. The project developer is a joint venture between U.S. insurance company MetLife Real Estate and Trammell Crow Co.
| Buyer | Seller | Property Name | Property Location | Size | Price per size | Price (m) |
| APARTMENTS | ||||||
| MG Properties Group | Trammell Crow Residential | Alexan Melrose Apartments | Vista, CA | 410 units | $326,829.27 | $134.00 |
| TH Real Estate | Rreef America | Laurels at Jacaranda | Plantation, FL | 468 units | $198,717.95 | $93.00 |
| Wafra Investment Advisory Group | JPMorgan Asset Management | Milagro Coral Gables | Miami, FL | 287 units | $272,299.65 | $78.15 |
| Grand Peaks Properties | Estate Investments Group/Mattoni Group/Fortune Capital Partners | Soleste Club Prado | Miami, FL | 196 units | $311,224.49 | $61.00 |
| Avanath Capital Management | Anton Development | Three-property portfolio | Sacramento, CA | 468 units | $120,726.50 | $56.50 |
| Valhalla Holdings | Sherman Residential | Enclave at Wesley Chapel | Wesley Chapel, FL | 312 units | $168,269.23 | $52.50 |
| Northland Investment Corp. | Marl Taylor Cos. | Villas at San Dorado | Tucson, AZ | 274 units | $184,489.05 | $50.55 |
| Continental Properties | Inland Private Capital Corp. | Lost Creek Resorts at Lakewood Ranch Apartments | Bradenton, FL | 272 units | $185,661.76 | $50.50 |
| Marlin Spring Realty | TM Real Estate Group | Cottage Cove | Miami Gardens, FL | 468 units | $106,837.61 | $50.00 |
| Graycliff Capital Partners | Not disclosed | Gateway at Rock Hill | Rock Hill, SC | 312 units | $132,371.79 | $41.30 |
| TerraCap Management/Willow Creek Partners | Not disclosed | Three-property portfolio | Greensboro, NC | 456 units | $78,947.37 | $36.00 |
| HOTELS | ||||||
| GEM Realty Capital | DiNapoli Capital Partners | Hyatt Regency Phoenix Hotel | Phoenix, AZ | 693 rooms | $154,401.15 | $107.00 |
| Blackstone Real Estate Income Trust | Waterton | Hyatt Place San Jose Downtown | San Jose, CA | 236 rooms | $275,423.73 | $65.00 |
| Summit Hotel Properties | Magna Hospitality Group | Courtyard by Marriott Charlotte City Center | Charlotte, NC | 181 rooms | $311,049.72 | $56.30 |
| INDUSTRIAL | ||||||
| Not disclosed | The Hampshire Cos. | Six-property portfolio | Multi-city | 1,200,000 sf | $122.38 | $146.85 |
| UPS | Dermody Properties | 1 Ames Dr. | Carlisle, PA | 595,000 sf | $92.44 | $55.00 |
| BLT Enterprises | Sovereign Real Estate | 1650 Sunflower Ave. | Costa Mesa, CA | 112,000 sf | $298.21 | $33.40 |
| Lincoln Property Co. | Keating Resources | Miami International Logistics Center | Hialeah, FL | 506,000 sf | $53.36 | $27.00 |
| OFFICES | ||||||
| Union Investment Institutional Property GmbH | Trammell Crow Co./MetLife Real Estate | Midtown21 | Seattle, WA | 373,000 sf | $885.25 | $330.20 |
| Carter Validus Mission Critical REIT | Cousins Properties | 250 Williams St. | Atlanta, GA' | 995,728 sf | $166.71 | $166.00 |
| California State Teachers' Retirement System/CBRE Global Investors | Not disclosed | 3333 Scott Blvd. | Santa Clara, CA | 250,000 sf | $650.00 | $162.50 |
| The Arden Group | CIM Group | BB&T Center | Charlotte, NC | 567,835 sf | $261.52 | $148.50 |
| New York Life Real Estate Investors | Walton Street Capital | Burbank Empire Center | Burbank, CA | 350,000 sf | $380.00 | $133.00 |
| Archon Acquisition | TR Camelback Corp. | 3131 and 3133 East Camelback Rd. | Phoenix, AZ | 295,401 sf | $276.74 | $81.75 |
| Harbor Group International | JPMorgan Asset Management | Torre Plaza | Cupertino, CA | 88,580 sf | $747.91 | $66.25 |
| CDR Glades | C. Talanian Realty Co. | Peninsula Executive Center | Boca Raton, FL | 187,784 sf | $318.18 | $59.75 |
| TerraCap Management | Not disclosed | Deerfield and Windward Pointe | Alpharetta, GA | 336,000 sf | $139.88 | $47.00 |
| Pembroke IV/Ten Capital Management | CS Capital Management | Valley Creek Corporate Center | Exton, PA | 259,200 sf | $174.77 | $45.30 |
| Amstar | Lincoln Property Co. | 3200 Cherry Creek South Dr. | Denver, CO | 130,652 sf | $283.20 | $37.00 |
| Keystone Property Group | AmMed | Dadeland Towers South | Kendall, FL | 228,136 sf | $157.80 | $36.00 |
| HCP | Colony NorthStar | Scripps Wateridge Corporate Center | Sorrento Mesa, CA | 124,300 sf | $209.98 | $26.10 |
| RETAIL | ||||||
| Slate Retail REIT | Not disclosed | Five-property portfolio | Multi-city | 654,610 sf | $160.40 | $105.00 |
| PGIM Real Estate | HEP1600 | 1600 Commons | Fort Lauderdale, FL | 65,338 sf | $753.01 | $49.20 |
| RCG Ventures | Not disclosed | Sparks Crossing | Sparks, NV | 335,981 sf | $119.65 | $40.20 |
| Northbridge Investment Management | Cohen Commercial Properties | Shoppes at Boca Greens | Boca Raton, FL | 109,228 sf | $304.59 | $33.27 |
| Klein Enterprises | Sterling Organization | Market at Opitz Crossing | Woodbridge, VA | 157,724 sf | $185.77 | $29.30 |
