Recent commercial real estate transactions
Below is a sampling of recent property transactions tracked by Real Capital Analytics. The largest transactions are an office property in Boston and a hotel in the San Francisco Bay Area. Tishman Speyer bought 1 Channel Center in Boston for $316.5 million from Ares Management and CV Properties, which developed the asset. And the CBRE Strategic Partners U.S. Value 7 fund acquired the Sofitel San Francisco Bay, a 421-room, eight-story, full-service hotel in Redwood City, Calif. The sales price was $154.3 million. As part of its value-added strategy, the CBRE fund team is exploring options to upgrade sleeping rooms as well as create additional meeting/event space and sleeping rooms. CBRE Global Investors also is looking at options to expand the food and beverage service.