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 fro