Recent commercial real estate transactions
Below is a sampling of recent property transactions tracked by Real Capital Analytics. The largest transactions were a hotel in Laguna Beach, Calif., and an office property in New York City.
Strategic Hotels & Resorts has acquired the 250-room Montage Laguna Beach in Laguna Beach, Calif., from an affiliate of Ohana Real Estate Investors for $360 million, or $1.4 million per room. Real Capital Analytics reports this transaction is the highest priced hotel asset to be sold in the greater Los Angeles metropolitan area in the past 24 months, placing Strategic Hotel & Resorts as the number one buyer of the Los Angeles hotel sector.
In Manhattan, the 22,500-square-foot site located at 1