Transactions reported this week included an office property in Boston.
Skanska signed a contract to divest its 121 Seaport office tower development in Boston to SVF Acquisitions, a joint venture between American Realty Advisors and Norges Bank Real Estate Management. The sales price was $455 million.
| Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Price (m) |
| APARTMENTS |
|
|
|
|
|
|
| AvalonBay Communities |
Ram Realty Advisors/Kolter Group |
The Alexander |
West Palm Beach, FL |
290 units |
$355,172.41 |
$103.00 |
| 29th Street Capital |
JCM Partners |
River Blu |
Sacramento, CA |
417 units |
$146,282.97 |
$61.00 |
| Solomon Organization |
Morgan Management |
Waterford Nevillewood |
Presto, CA |
316 units |
$130,063.29 |
$41.10 |
| INDUSTRIAL |
|
|
|
|
|
|
| Green Door Capital/Citimark Inc. |
The Globe Corp. |
Seven-property portfolio |
Chicago, IL |
447,059 sf |
$85.00 |
$38.00 |
| OFFICE |
|
|
|
|
|
|
| American Realty Advisors/Norges Bank Real Estate Management |
Skanska |
121 Seaport |
Boston, MA |
400,000 sf |
$1,137.50 |
$455.00 |
| Hana Financial Investment Co./Hyundai Asset Management Co. |
UBS Realty Investors |
U.S. Bank Tower |
Denver, CO |
697,555 sf |
$341.19 |
$238.00 |
| Savanna |
Superior Sewing |
48 W. 25th St. |
Chelsea, NY |
126,258 sf |
$792.03 |
$100.00 |
| GreenOak Real Estate/MRP Realty |
JBG SMITH Properties |
Lion Building |
Washington, DC |
154,384 sf |
$421.03 |
$65.00 |
| Crocker Partners |
EQ Office |
Northpoint Center |
Lake Mary, FL |
335,000 sf |
$163.58 |
$54.80 |
| Dornin Investment Group |
CarVal Investors/EverWest Real Estate Investors |
Five-property portfolio |
Riverside, CA |
223,711 sf |
$198,430.49 |
$44.25 |
| RETAIL |
|
|
|
|
|
|
| Crown Equity Management/Hakim Holdings/GWP Real Estate/Mazal Enterprises |
Lang & Lang Properties |
457-459 N. Rodeo Drive |
Beverly Hills, CA |
11,625 sf |
$8,258.06 |
$96.00 |
| Pole Capital USA |
Not disclosed |
Jamboree Promenade |
Irvine, CA |
56,900 sf |
$746.92 |
$42.50 |
