Recent commercial real estate transactions
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 |