Recent commercial real estate transactions
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 |
