Recent commercial real estate transactions
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 |
