Recent commercial real estate transactions
Transactions reported this week include an office building in Seattle.
Continental Properties paid $216.1 million for the Met Tower, a trophy 366-unit, high-rise multi-housing building located in the heart of Seattle’s vibrant South Lake Union neighborhood.
The seller was Westlake Tower Associates.
| Buyers | Sellers | Property name | Size | Location | Price per size | Price (m) |
| APARTMENTS | ||||||
| Brookfield Properties | Merlone Geier Partners/Carmel Partners | Village Residences | 330 units | Mountain View, CA | $884,848.48 | $292.00 |
| Continental Properties | CBRE Global Investors | Met Tower | 366 units | Seattle, WA | $590,437.16 | $216.10 |
| MG Properties | Everest Holdings | Biscayne Bay | 512 units | Chandler, AZ | $215,429.69 | $110.30 |
| Not disclosed | Nuveen Real Estate | Township Apartments | 132 units | Redwood City, CA | $671,590.91 | $88.65 |
| Security Properties | PCCP | Lofts at 7100 | 379 units | Las Vegas, NV | $211,081.79 | $80.00 |
| Broadtree Residential | Lincoln Property Company Commercial | Aspire Perimeter | 296 units | Atlanta, GA | $234,121.62 | $69.30 |
| JLL Income Property Trust | Not disclosed | Presley Uptown | 230 units | Charlotte, NC | $239,130.43 | $55.00 |
| Bella Luna Investments | Phoenix Bay Ventures | Coralina Apartments | 186 units | Cape Coral, FL | $188,172.04 | $35.00 |
| Pathfinder Partners | Virtu Investments | Rosemont Park | 170 units | Sacramento, CA | $169,588.24 | $28.83 |
| VDR Investments Homes | Twin Spits | Vista Del Rey | 130 units | Tacoma, WA | $197,692.31 | $25.70 |
| HOTELS | ||||||
| TRTG GDH | Not disclosed | Grand Hyatt Denver | 516 rooms | Denver, CO | $223,062.02 | $115.10 |
| INDUSTRIAL | ||||||
| bkm Capital Partners | Entera | West Valley Business Park | 205,655 sf | Seattle, WA | $148.06 | $30.45 |
| OFFICE | ||||||
| Not disclosed | Paramount Group | Liberty Place | 172,000 sf | Washington, DC | $898.26 | $154.50 |
| Drawbridge Realty Trust | Not disclosed | 1331 L St. | 169,430 sf | Washington, DC | $513.49 | $87.00 |
| Nova Capital Partners | Dubon Group | Midtown Centre | 750,176 sf | Jacksonville, FL | $41.99 | $31.50 |
| RETAIL | ||||||
| Regency Centers Corp. | Not disclosed | Circle Marina Center | 120,000 sf | Long Beach, CA | $408.33 | $49.00 |
| ALTO Real Estate Funds | Not disclosed | Quebec Square | 207,611 sf | Denver, CO | $203.51 | $42.25 |
| Columbus Pacific Properties | Not disclosed | Market Street at Heath Brook | 393,387 sf | Ocala, FL | $101.05 | $39.75 |
