Transactions - JULY 4, 2014

Recent commercial real estate transactions

by Andrea Waitrovich

Below is a sampling of recent property transactions tracked by Real Capital Analytics. The largest transactions are two office properties in New York City and Connecticut.

In New York City, Thor Equities has completed its acquisition of the Gucci Building in Manhattan for approximately $460 million. The seller was Gucci America. IREN reported in May that Thor will be renovating the property, located at 683–685 Fifth Ave., and had plans to sell a 50 percent interest after the transaction is completed. Its new partner in the building is General Growth Properties.

And in Westport, Conn., L&B Realty Advisors has sold the 372,207-square-foot office property Nyala Farms Corporate Center for $130 million. The new owner is Building & Land Technology. 





Price (m) Price/units
DSF Advisors AvalonBay Communities Apartment
433 units
Danvers, MA $108.50 $250,577.37
Kennedy Wilson SARES-REGIS Group/CalPERS/Bridge Housing Apartment 542 units
Pittsburg, CA
$96.50 $178,044.28
TruAmerica Multifamily/Guardian Life Insurance Co./Allstate Life Insurance Berkshire Property Advisors Apartment
400 units
Renton, WA $61.80 $154,500.00
Milestone Apartments REIT Milestone Properties Apartment 424 units
Orlando, FL
$50.70 $119,575.47
Pure Multi-Family REIT Sunstone Advisors Apartment
352 units
League City, TX $43.80 $124,431.82
Bascom Group/Oaktree Capital Management AvalonBay Communities Apartment 320 units
Corona, CA
$43.20 $135,000.00
EBSCO Industries C-III Asset Management Apartment
240 units
High Point, NC $34.55 $143,958.33
Zencorr Properties Aimco Apartment
350 units
Doylestown, PA $31.50 $90,000.00
Crest Realties Abro Management  Apartment
55 units
New York, NY $23.80 $432,727.27
JRK Asset Management  Inland Diversified Real Estate Trust Apartment 120 units
Chelsea, MA
$22.35 $186,250.00
Retirement Concepts H3T Capital Partners/MCS Capital Partners Apartment 161 units
Phoenix, AZ
$10.88 $67,546.58
Rainbow Estates Group  Sugar Hill Capital Partners Apartment
24 units
New York, NY $8.50 $354,166.67
Rainbow Estates Group  Sugar Hill Capital Partners Apartment 22 units New York, NY $7.00 $318,181.82
Graycliff Capital PRG Real Estate Management  Apartment
176 units
Spartanburg, SC $6.00 $34,090.91
Graycliff Capital PRG Real Estate Management  Apartment
98 units
Spartanburg, SC $4.00 $40,816.33
Magna Hospitality Group OTO Development Hotel 204 rooms Washington, DC $42.30 $207,352.94
Noble Investment Group Baywood Hotels Hotel 151 rooms Miami, FL $25.60 $169,536.42
Cole Office & Industrial REIT Trident Capital Group Industrial 750,000 sf
Columbus, OH
$26.80 $35.73
Jones Lang LaSalle Income Property Trust  Beacon Partners Industrial 346,500 sf
Charlotte, NC
$25.50 $73.59
Cole Office & Industrial REIT Amcor Rigid Plastics Industrial
422,912 sf
Franklin, IN $19.80 $46.82
American Realty Capital  Levine Properties Industrial
146,142 sf
Tempe, AZ $16.05 $109.82
Thor Equities/General Growth Properties Gucci America Office 115,330 sf
New York, NY
$460.00 $3,988.55
Building & Land Technology L&B Realty Advisors Office 372,207 sf
Westport, CT
$130.00 $349.27
Pearlmark Real Estate Partners Real Estate Equities/Mount Kellett Office 80,000 sf
New York, NY
$118.90 $1,486.25
Vision Properties KBS REIT II 
422,470 sf East Rutherford, NJ $108.70 $257.30
Talon/Prudential Real Estate Investors Hines U.S. Core Office Fund/Sumitomo Life Office 297,470 sf
Seattle, WA
$101.00 $339.53
GLL Real Estate Partners East West Partners/Starwood Capital Group Office 111,464 sf
Denver, CO
$67.14 $602.35
ASB Real Estate Investments  Harbert Management Corp. Office 111,497 sf
San Francisco, CA
$61.30 $549.79
First Potomac Realty Trust Normandy Real Estate Partners Office 125,444 sf
Reston, VA
$41.00 $326.84
Cole Office & Industrial REIT Gutierrez Co. Office 150,673 sf Burlington, MA $39.40 $261.49
Tritower Financial Group USAA Real Estate Co. Office 291,424 sf
Chelmsford, MA
$39.27 $134.74
Finmarc Management  Charles Hudson/Richard Mazzucchelli  Office 146,044 sf
Alexandria, VA
$31.50 $215.69
Titanium Asset Management Group Western Devcon Office 35,737 sf Hollywood, FL $13.00 $363.77
Boston Residential Group  DivcoWest Properties/Synergy Real Estate Services
55,794 sf Boston, MA
HTA  Arvind Jariwala
40,700 sf Raleigh, NC
RK Centers  Madison Properties Retail 386,853 sf Worcester, MA $49.00 $126.66
Inland Real Estate Corp. Aronov Realty Retail 187,610 sf Flowood, MS $48.70 $259.58
Hornig Capital Partners/Hutensky Capital Partners/B&D Holdings  Forest City Enterprises Retail 361,000 sf Cleveland, OH $47.00 $130.19
TIAA-CREF Amstar Retail 93,679 sf
Franklin, TN
$44.40 $473.96
Inland Real Estate Corp./PGGM Anchor Associates  Retail 222,300 sf Newport, KY $43.30 $194.78
Nightingale Properties Walgreens Retail 13,480 sf Miami Beach, FL $28.00 $2,077.15
Walter & Samuels 316 Bowery Retail Corp. Retail 6,600 sf New York, NY $15.00 $2,272.73
JCR Cos. Regency Centers Corp. Retail 51,800 sf Lorton, VA $13.80 $266.41
Serber & Associates  Janoura Realty  Retail 67,202 sf Fort Lauderdale, FL $10.57 $157.24
Cole Credit Property Trust V Eckstein Properties Retail 71,680 sf
Cartersville, GA
$10.50 $146.48


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