Transactions reported this week included a hotel in Dallas.
Extell Development Co. has acquired Four Seasons Resort & Club Dallas, a 405-room hotel located within Irving’s Las Colinas district, for $235 million. The sale price equates to about $580,000 per room. The property offers access to a golf course and has several onsite bars and restaurants. According to hotel-online.com, the seller was Blackstone, which acquired the property from CW Capital Asset Management in 2014 for $150 million.
| Buyer |
Seller |
Property name |
Location |
Size |
Price per size |
Price (m) |
| APARTMENTS |
|
|
|
|
|
|
| Torchlight Investors/Wilkinson Corp. |
Hampshire Properties |
Five-property portfolio |
Indianapolis, IN |
2,000 units |
$60,750.00 |
$121.50 |
| The Praedium Group |
ZOM Living |
Luzano Apartments |
Pompano Beach, FL |
404 units |
$232,920.79 |
$94.10 |
| Waterford RiNo |
CWS Capital Partners |
Waterford RiNo |
Denver, CO |
301 units |
$300,996.68 |
$90.60 |
| JP Management |
Roizman Development |
Fairview Apartment |
Fairview, NJ |
146 units |
$294,520.55 |
$43.00 |
| Emma Capital Investments |
Not disclosed |
Avenues 85 Apartments |
Atlanta, GA |
392 units |
$91,071.43 |
$35.70 |
| HOTELS |
|
|
|
|
|
|
| Extell Development Co. |
Blackstone Group |
Four Seasons Resort & Club Dallas |
Irving, TX |
405 rooms |
$580,246.91 |
$235.00 |
| INDUSTRIAL |
|
|
|
|
|
|
| Bridge Development Partners |
Conor Commercial Real Estate/LaSalle Investment Management |
Fountain Square Commerce Center |
Bolingbrook, IL |
742,000 sf |
$99.06 |
$73.50 |
| Cabot Properties |
McCraney Property Co. |
Three-property portfolio |
Palm Beach County, FL |
95,634 sf |
$269.78 |
$25.80 |
| OFFICE |
|
|
|
|
|
|
| Longfellow Real Estate Partners |
Parallel Capital Partners |
Inspire Portfolio |
San Diego, CA |
318,969 sf |
$351.13 |
$112.00 |
| HLM Realty |
Crescent Lakeside |
Crescent Lakeside I and II |
Cary, NC |
254,796 sf |
$270.80 |
$69.00 |
| Piedmont Office Realty Trust |
Hines Global REIT |
9320 Excelsior Blvd. |
Minneapolis, MN |
255,000 sf |
$194.12 |
$49.50 |
| RETAIL |
|
|
|
|
|
|
| Heidenberg Properties Group |
Regency Centers Corp. |
Culpeper Colonnade |
Culpeper, VA |
307,000 sf |
$106.19 |
$32.60 |
