Publications

Transactions - JANUARY 19, 2018

Recent commercial real estate transactions

by Roxy Rhodes

Transactions reported this week included a hotel in Hawaii.

Blackstone Group purchased the 450-room Turtle Bay Resort on the Hawaiian island of Oahu for approximately $330 million.

Buyer Seller Property name Size Price per size Location Price (m)
APARTMENT
Camden Property Trust American Land Ventures Camden Pier District 358 units $354,748.60 Tampa, FL $127.00
Inland Real Estate Investment Corp. Not disclosed Apres Apartments 408 units $196,078.43 Aurora, CO $80.00
Hamilton, Zanze & Co. Praedium Group Bella Springs 364 units $195,054.95 Colorado Springs, CO $71.00
HOTEL
Blackstone Not disclosed Turtle Bay Resort 450 rooms $733,333.33 Oahu, HI $330.00
Not disclosed Sunstone Hotel Investors Two-property portfolio 753 rooms $184,594.95 Mutli-city $139.00
INDUSTRIAL
Independent Trading Co. Western Realco 4150 N. Palm St. 181,069 sf $179.49 Fullerton, CA $32.50
Dalfen America Corp. Parkway Partners 4070 S. Pipkin Rd. 426,000 sf $67.61 Lakeland, FL $28.80
OFFICE
Not disclosed Hudson Pacific Properties Four-property portfolio 367,487 sf $693.90 Mutli-city $255.00
AXA Investment Managers - Real Assets/Stewart Investment Partners Heitman/Minshall Stewart Properties 1401 New York Ave. 210,000 sf $785.71 Washington, D.C. $165.00
Shorenstein Properties Britannia Pacific Properties/David S. Taylor Interests U.S. Bank Tower 366,000 sf $439.89 Sacramento, CA $161.00
Hertz Investment Group Parmenter Realty Partners Two-property portfolio 653,149 sf $94.92 Mutli-city $62.00
M&H Properties Liberty Property Trust 2301 Renaissance Blvd. 189,502 sf $248.02 Philadelphia, PA $47.00
Piedmont Office Realty Trust Gramercy Property Trust Norman Pointe I 213,851 sf $166.00 Minneapolis, MN $35.50
RETAIL
Jamestown Terra Doral Commons 140,000 sf $514.29 Doral, FL $72.00
GBT Realty Corp. Kimco Realty Corp. Overlook Village 153,820 sf $165.78 Asheville, NC $25.50
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