Recent commercial real estate transactions
Below is a sampling of recent property transactions tracked by Real Capital Analytics (RCA). The largest completed transactions included two office properties in Manhattan sold by Invesco Real Estate.
Invesco Real Estate, with its joint venture partner The Kaufman Organization, sold 100–104 Fifth Ave., a 277,000-square-foot office condo, for $229 million to Clarion Partners. The property comprises two contiguous buildings. The Kaufman Organization and Invesco Real Estate purchased the building in late 2010 for $93.5 million.
The second building sold by Invesco Real Estate was held in a joint venture with its partner Stonehenge Partners. The Brill Building, an 11-story, 170,000-square-foot office building, was acquired by a joint venture between Allied Partners, Brickman Associates and Merchants Hospitality. The sales price was $185 million. Invesco Real Estate and Stonehenge purchased it from Murray Hill Properties and Westbrook Partners in 2007 for $151 million.
|
Buyer |
Seller |
Type |
Units |
Location |
Price in $ |
$/Units |
|
LLU Tennesse Multifamily Properties |
Stonehenge Co. |
Apartment |
86 units |
Nashville, TN |
$15.60 |
$181,395.35 |
|
KBS Legacy Partners Apartment REIT |
Rohdie Group |
Apartment |
305 units |
Greenville, SC |
$33.60 |
$110,163.93 |
|
JRK Asset Management |
Harbor Group International |
Apartment |
430 units |
Virginia Beach, VA |
$44.00 |
$102,325.58 |
|
Wood Partners |
Hamilton Zanze & Co./Praedium Group |
Apartment |
351 units |
Aurora, CO |
$33.40 |
$95,156.70 |
|
Radco Cos. |
Shodeen Inc. |
Apartment |
208 units |
Saint Charles, IL |
$19.20 |
$92,307.69 |
|
Capital Investment Advisors |
Oak Knolls Realty Corp. |
Apartment |
110 units |
Fairfax, VA |
$10.00 |
$90,909.09 |
|
Carey Watermark Investors |
Magna Hospitality Group |
Hotel |
226 rooms |
New York, NY |
$113.00 |
$500,000.00 |
|
SK Realty Management |
First Industrial/CalPERS |
Industrial |
345,600 sf |
North East, MD |
$19.20 |
$55.56 |
|
Allied Partners/Brickman Associates/Merchants Hospitality |
Invesco Real Estate/Stonehenge Partners |
Office |
169,230 sf |
New York, NY |
$185.50 |
$1,096.14 |
|
Clarion Partners |
Invesco Real Estate/Kaufman Organization |
Office |
277,412 sf |
New York, NY |
$229.00 |
$825.49 |
|
Deutsche Asset & Wealth Management |
Anglo Irish Bank |
Office |
68,995 sf |
Boston, MA |
$21.00 |
$304.37 |
|
Gaia RE Holdings/Phoenix Insurance/Menorah Mivtachim Holdings |
Hartz Mountain |
Office |
250,000 sf |
Secaucus, NJ |
$56.00 |
$224.00 |
|
W.P. Carey |
Dividend Capital Total Realty Trust |
Office |
132,160 sf |
Quincy, MA |
$25.88 |
$195.79 |
|
Atlanta Property Group |
Parmenter Realty Partners |
Office |
211,482 sf |
Atlanta, GA |
$28.00 |
$132.40 |
|
Transwestern |
LNR Partners |
Office |
300,000 sf |
Downers Grove |
$22.90 |
$76.33 |
|
Campanelli Cos./TriGate Capital |
CommonWealth REIT |
Office |
356,000 sf |
Quincy, MA |
$16.30 |
$45.79 |
|
Joseph Betesh |
Jane Alexander Taylor Trust |
Retail |
143,230 sf |
New York, NY |
$62.00 |
$432.87 |
|
Starwood Capital Group |
Macerich |
Retail |
892,951 sf |
Salinas, CA |
$120.00 |
$134.39 |
