Recent commercial real estate transactions
Transactions reported this week included an office in Washington, D.C.
Spain’s Ponte Gadea acquired The Investment Building, a 401,433-square-foot office in Washington, D.C.’s, central business district, for $385.4 million. The seller was a joint venture between J.P. Morgan Asset Management and JBG Smith.
| Buyer | Seller | Property name | Location | Size | Price per size | Price (m) |
| APARTMENT | ||||||
| Boardwalk Properties | Greystar/Pacific Investment Management Co. | Elan Maison Apartments | Davie, FL | 392 units | $303,571.43 | $119.00 |
| Snell Properties | Not disclosed | The James | Annapolis, MD | 236 units | $322,033.90 | $76.00 |
| TruAmerica Multifamily | Everest Holdings | Two-property porfolio | Tempe, AZ | 472 units | $142,584.75 | $67.30 |
| Waterton | Kennedy Wilson | Bay Village | Vallejo, CA | 260 units | $248,076.92 | $64.50 |
| INDUSTRIAL | ||||||
| RAR2 3520 Pacific Avenue | Safeway | Safeway Distribution Center | Auburn, WA | 524,636 sf | $275.43 | $144.50 |
| OFFICE | ||||||
| Ponte Gadea | JBG SMITH Properties/J.P Morgan Asset Management | The Investment Building | Washington, DC | 401,433 sf | $959.06 | $385.00 |
| AVR Realty Co. | TM Miami FL Landlord | Telemundo HQ | Miami, FL | 476,000 sf | $502.31 | $239.10 |
| Hines | Ivanhoe Cambridge/State of Wisconsin Investment Board | U.S. Bank Tower | Denver, CO | 435,672 sf | $439.55 | $191.50 |
| The Related Cos. | The Souferian Group | 1800 N. Highland Ave. | Hollywood, CA | 92,000 sf | $782.61 | $72.00 |
| Not disclosed | JLL | Papago Spectrum | Tempe, AZ | 159,261 sf | $213.49 | $34.00 |
