Transactions - OCTOBER 17, 2014

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Recent commercial real estate transactions

by Andrea Waitrovich

Below is a sampling of recent property transactions tracked by Real Capital Analytics. The largest transactions were a hotel property in Hawaii and an office asset in Los Angeles.

Japan-based Resorttrust completed its acquisition of The Kahala Hotel and Resort in Honolulu for $290 million, or $857,988 per unit. The sellers of the 338-room oceanfront destination resort were Trinity Investments, Ken Corp. and Sala Azabu Co.

And in Los Angeles, Shorenstein Properties completed its purchase of the Aon Center, a 1.1 million-square-foot office property located on Wilshire Boulevard in Los Angeles. The sales price is approximately $270 million, or $246 per square foot. The seller was Beacon Cap

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