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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 an apartment complex and an industrial property in Southern California.

Essex Property Trust purchased 8th & Hope, an apartment community located in the core of downtown Los Angeles, for a contract price of $200 million, or $689,655 per unit. The seller was developer Wood Partners.

In the neighboring city of Glendale, Calif., movie studio DreamWorks Animation sold its campus located at 1000 Flower St. to SunTrust Bank for $185 million. The property consists of 10 buildings on 14.7 acres of land.

 

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