Market Spotlights

--05/15/13

Washington-Area Apartment Properties

 


On the Market
Property Seller Hit
Market		 No. of
Apts.		 Estimated Value Broker
($Mil.) (Per Apt.)
Sky House, Washington Urban Atlantic, JBG Cos. May 530 $197 $350,000 Jones Lang LaSalle
Progression Place, Washington Jarvis Cos., partners April 205 110 536,000 Cassidy Turley
Emerson at Cherry Lane, Laurel, Md. CBRE Global Investors May 445 98 220,000 CBRE
Cathedral Mansion, Washington William Calomiris March 134 40 298,000 HFF

Recent Deals
Property Buyer Closed No. of
Apts.		 Sales Price Broker
($Mil.) (Per Apt.)
Archstone Crystal Towers, Arlington, Va. Dweck Properties March  912 $322 $353,000 Jones Lang LaSalle
Avalon at Decoverly, Rockville, Md. Stellar Advisors March 564 135 240,000 Jones Lang LaSalle
Falkland Chase, Silver Spring, Md. JBG Cos. April 450 98 218,000 Jones Lang LaSalle
Hunting Point, Alexandria, Va. Laramar Group April 530 78 147,000 Ideal Realty
The District, Washington J.P. Morgan Asset Management March 125 76 608,000 HFF
Cascade at Landmark, Alexandria, Va. Greystar, Goldman Sachs March 277 69 247,000 HFF
Bennington Crossing, Alexandria, Va. JBG Cos. May 309 54 175,000 Apartment Realty Advisors

 

--05/08/13

Suburban Chicago Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Central Park of Lisle, Lisle Angelo Gordon, partners April  693 $125 $180 CBRE
Walgreens Campus, Deerfield Walgreens April  576 85 148 Jones Lang LaSalle
1603 Orrington Avenue, Evanston Lowe Enterprises April  338 64 189 CBRE
1&2 Century Centre, Schaumburg  Pearlmark Real Estate April  432 45 104 HFF
Ace Hardware headquarters, Oak Brook Inland Private Capital February 206 40 194 CBRE
The Crossings, Oak Brook Davis Cos., Arthur Goldner May  305 35 115 HFF
Corridors 1&2, Downers Grove LNR Partners March 300 25 83 HFF
25 Northwest Point, Elk Grove John Buck Co.  March  207 21 101 CBRE

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Naperville Woods Office Center, Naperville Agellan Commercial February 486 $83 $171 CBRE
Kraft Foods headquarters, Winnetka W.P. Carey  January  679 73 107 Cushman & Wakefield
Continental Towers, Rolling Meadows Walton Street, GlenStar (Pending) 911 59 63 Colliers, Rockwood
Oak Brook Office Center, Oak Brook Adventus Realty  March  312 33 105 HFF
Greenspoint Office Park, Hoffman Estates Lincoln Property February  499 23 47 HFF

 

--05/01/13

Northern Virginia Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
WRIT Medical Office Portfolio Washington Real Estate  January 1,500 $550 $367 Cassidy, J.P. Morgan
Exxon Mobil Campus, Merrifield Exxon Mobil April  1,300 350 269 Cassidy Turley 
MeadWestvaco headquarters, Richmond New Market  April  311 150 482 HFF
3033 Chain Bridge Road, Oakton AT&T   March  410 90 220 Cushman & Wakefield
2800 Eisenhower Avenue, Alexandria CommonWealth REIT March 120 20 167 Cushman & Wakefield

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Arlington Gateway, Arlington Piedmont Office Realty February 334 $176 $526 Transwestern
Dulles View, Herndon Rosemont Realty  March  357 99 278 CBRE
Carlyle Center, Alexandria American Real Estate, Artemis February  167 77 463 Eastdil Secured
Tysons Commerce Center, Vienna  Investcorp March 182 51 280 CBRE
Quantico Corporate Center, Stafford JMC Holdings (Pending) 136 40 295 Marcus & Millichap
Parkway Square, Herndon Parmenter Realty  January  205 36 173 Cushman & Wakefield 

 

--04/24/13

Houston Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Waterway 1&2, The Woodlands Lionstone Group March 366 $119 $325 HFF
Eldridge Oaks Cornerstone Real Estate March 349 105 301 Transwestern
ExxonMobil Chemical headquarters ExxonMobil April 352 70 199 HFF
Men’s Wearhouse headquarters GE Capital Real Estate March 206 52 252 Eastdil Secured
Beltway 8 Corp. Center 3&4 Buchanan Street Partners March 261 50 192 HFF
One Oak Park Carlyle Group, Means Knaus April 153 42 275 CBRE
2603 Augusta Drive CBRE Global Investors February 243 35 140 CBRE

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
BG Group Place Invesco Real Estate (Pending) 973 $480 $490 Eastdil Secured
Williams Tower Invesco Real Estate March 1,545 412 267 Jones Lang LaSalle
Post Oak Central Cousins Properties February 1,300 233 179 (None)
Phoenix Tower Parkway Properties December 629 124 197 CBRE
919 Milam Street Credit Suisse (Pending) 543 115 212 CBRE
2000 St. James Place (Korean consortium) December 335 96 286 CBRE
Galleria Plaza Songy Partners, Carlyle Group March 429 86 200 HFF
Pin Oak Park Investcorp, Griffin Partners December 504 79 156 Jones Lang LaSalle
1800 West Loop South KBS Realty  December 400 69 171 CBRE

 

--04/17/13

Silicon Valley Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Sunnyvale Office Park, Sunnyvale GE Capital March 424 $254 $600 HFF
D.R. Stephens portfolio (90% stake) Inland Real Estate March 1,200 129 107 CBRE
Rio Robles, San Jose Blackstone April 460 92 200 CBRE
975 South California, Palo Alto PSAI Realty  April 54 48 889 Eastdil Secured
Bridgeway Tech Center, Newark KBS Realty March 187 28 150 Eastdil Secured

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Corporate Technology Center, San Jose KBS REIT 2 April 610 $239 $392 CBRE
Oakmead West, Sunnyvale Deutsche Asset & Wealth March 431 111 258 CBRE
Fairmont Office Plaza, San Jose CBRE Global Investors December 326 93 286 TCI Properties
Woodside Tech. Center, Redwood City BioMed Realty February 254 87 343 Eastdil Secured
Cupertino Financial Center, Cupertino J.P. Morgan Asset Management December 109 50 455 Newmark Grubb

Note: For the offering of a stake, the total size and value of the property is shown.

--04/10/13

Florida Hotels

 


On the Market
Property Seller Hit
Market		 No. of
Rooms.		 Estimated Value Broker
($Mil.) (Per Rm.)
W South Beach, Miami Beach (stake) RFR Holding, TriStar Capital March 204 $300 1,471,000 Hodges Ward Elliott
W Fort Lauderdale (hotel rooms) Colonial Life Insurance October 346 160 462,000 CBRE, Ackman-Ziff
551 N. Fort Lauderdale, Fort Lauderdale ST Residential February 298 125 419,000 Jones Lang LaSalle
Pier House, Key West Richard E. Jacobs Group January 142 85 599,000 Eastdil Secured
Hampton Inn & Suites, Islamorada Economos Properties March 79 30 380,000 Jones Lang LaSalle
Shores Resort, Daytona Beach Shores RockBridge Capital February 212 48 226,000 HFF
Hotel Nash, Miami Beach Cambean Hospitality December 54 16 300,000 Jones Lang LaSalle

Recent Deals
Property Buyer Closed No. of
Rooms		 Sales Price Broker
($Mil.) (Per Rm.)
Delano Hotel, Miami Beach Yucaipa Cos. (Pending) 195 $200 1,025,000 Jones Lang LaSalle
Miami Beach Resort & Spa Chetrit Group March 424 117 276,000 Jones Lang LaSalle
Parrot Key Resort, Key West Northwood Investors December 244 78 412,000 Jones Lang LaSalle
Grand Bohemian Orlando Hotel, Orlando Inland Real Estate December 247 77 312,000 Hodges Ward Elliott
Hilton Cabana, Miami Beach RLJ Lodging (Pending) 231 72 310,000 Jones Lang LaSalle
Hyatt Regency, Tampa Driftwood Hospitality December 521 63 121,000 HFF
Raleigh Hotel, Miami Beach SBE Hotel Group December 105 55 524,000 (None)
Renaissance, Fort Lauderdale Westbrook Partners December 239 40 167,000 (None)
Note: For the offering involving a stake, the total value of the listed rooms is shown.

 

--03/27/13

Manhattan Retail Properties

 


On the Market
Property Seller Hit
Market


SF
(000)

Estimated
Value
($Mil.) 		 Broker
980 Madison Ave. (includes 105,000 sf office space) RFR Realty February 135 $380 CBRE
530 Broadway (includes 25,000 sf office space) Thor Equities February 40 300 Eastdil Secured
200 West End Avenue (retail condo) Alto Private Inv., Klein December 25 50 HFF
202 Canal St. (includes 37,000 sf office space) Bank of East Asia February 48 45 Cushman & Wakefield
1991 Broadway (retail condo) (Unidentified partnership) February 8 40 Stan Johnson Co.
2400 Broadway (retail condo) Madison Capital February 9 23 Jones Lang LaSalle

Recent Deals
Property Buyer Closed SF
(000)		 Value
($Mil.) 		 Broker
666 Fifth Avenue (retail condo) Vornado Realty December 113 $708 CBRE
Helmsley Carlton House (retail condo) Thor Equities December 35 277 (None)
Knickerbocker Hotel (90% stake) Invesco Real Estate December 47 211 Eastdil Secured
529 Broadway Jeff Sutton, Thor, others December 27 144 (None)
702-708 Madison Avenue (retail condo)  Friedland Properties December 19 142 Jones Lang LaSalle
131-137 Spring Street SL Green December 68 122 (None)
152-154 Spring Street Waterbridge Capital January 12 30 RKF, Marcus & Millichap
350 West Broadway (retail condo) (Unidentified) (Pending) 11 26 Jones Lange LaSalle

Note: For the recent deal involving a stake, the total size and value of the property are shown.

--03/20/13

Dallas-Area Apartment Properties

 


On the Market
Property Seller Hit
Market		 No. of
Apts.		 Estimated Value Broker
($Mil.) (Per Apt.)
Azure Portfolio, Carrollton Azure Partners February 1,141 $85 $74,000 CBRE
Bella Vida Coyote Ridge, Carrollton Harbor Group March 528 69 130,000 Apartment Realty Advisors
Cypress, Lewisville Alliance Residential March 363 50 138,000 HFF
Advenir Town Centre, Garland Advenir March 948 47 50,000 Apartment Realty Advisors
Reserve at Galleria, Dallas Connor Group February 301 38 120,000 HFF
Dolce Living, Mansfield Dolce Living March 334 33 100,000 Marcus & Millichap

Recent Deals
Property Buyer Closed No. of
Apts.		 Sales Price Broker
($Mil.) (Per Apt.)
Villas at Montfort, Dallas Provident Realty December 662 $65 $97,000 HFF
Colonial Reserve, Irving Colonial Properties Novembe 306 43 140,000 Moran & Co.
Dry Creek Ranch, Northlake Western Securities December 288 28 99,000 Marcus & Millichap
Republic Deer Creek, Fort Worth Pensam Capital Novembe 336 27 80,000 HFF

 

--03/13/13

Washington Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Washington Harbour Rockpoint, MRP (Pending)  558 $370 $663 HFF
One Metro Center Clarion Partners March  421 330 784 Cassidy Turley 
1200 19th Street NW Hines  February 334 290 868 HFF
Republic Square 1 (50% stake) Republic Properties January 386 220 570 Cassidy Turley 
Commercial National Bank Building  Tishman Speyer March  225 180 800 Eastdil Secured
2100 M Street NW Hines February 301 135 449 Eastdil Secured 
1522 K Street NW American Realty Advisors February 85 25 294 Transwestern

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Bond Building  (Unidentified) (Pending)  172 $107 $622 Eastdil Secured
Portrait Building  Clarion Partners February  134 99 735 Eastdil Secured 
2900 K Street NW (Unidentified) (Pending) 129 83 640 HFF
1090 Vermont Avenue NW TF Cornerstone  (Pending)  153 63 412 Eastdil Secured 
1990 M Street NW (Unidentified)  (Pending)  110 45 409 Transwestern

Note: For the offering involving a stake, the total size and value of the property is shown.

--03/06/13

Dallas-Area Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Urban Towers, Irving CBRE Global Investors February 849 $150 $177 Eastdil Secured
Preston Commons, Dallas CBRE Global Investors February 428 111 260 CBRE
Sterling Plaza, Dallas CBRE Global Investors February 314 70 223 CBRE
Point at Las Colinas, Irving CBRE Global Investors February 403 60 149 Eastdil Secured
Two MaCarthur Ridge, Irving  Hines March 251 41 161 CBRE
750 Canyon, Coppell LaSalle Investment February 241 40 165 CBRE
McKinney Place, Dallas Lincoln Property February 146 28 192 HFF
Interchange Office Center, Dallas CBRE Global Investors February 151 25 166 Eastdil Secured

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Colonnade, Addison Fortis Property (Pending) 1,050 $223 $212 HFF
Encana Headquarters, Plano  Cole Real Estate December 319 120 376 CBRE
Hallmark Center, Addison Select Income REIT January 554 105 190 CBRE
8333 & 8343 Douglas Avenue, Dallas Lionstone Group (Pending) 398 92 231 Jones Lang LaSalle
Tollway Plaza 1&2, Dallas CBRE Global Investors October 369 64 173 HFF
Tower on Lake Carolyn, Irving KBS Realty December 364 46 127 Eastdil Secured
Advancial Tower, Dallas Dan and Farris Wilks December 148 27 182 HFF

 

--02/27/13

Los Angeles-Area Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
801 South Figueroa, Los Angeles Mani Brothers January 458 $200 $437 CBRE
1000 West Temple, Los Angeles Bank of America December 677 145 215 Cushman & Wakefield
Shoreline Square, Long Beach Guggenheim Partners January 383 115 300 CBRE
500 North Brand, Glendale CBRE Global Investors February 420 105 250 CBRE
2300 Main, 17900 Von Karmen, Irvine (Local partnership) January 197 70 355 CBRE
Park Del Amo, Torrance (Local partnership) February 206 33 160 CBRE

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Wilshire Courtyard, Los Angeles Tishman Speyer partnership December 1,003 $423 $421 Eastdil Secured
AT&T Center, Los Angeles (60% stake) LaSalle Investment December 992 265 267 Eastdil Secured
Trident Center, Los Angeles (98% stake) Northwood Investors December 388 150 388 Eastdil Secured
Corporate Pointe, West Hills Brookfield Opportunity Fund January 991 92 93 CBRE
8484 Wilshire Boulevard, Beverly Hills Douglas Emmett Inc. (Pending) 227 82 361 Highland Realty
Hamilton Place, Torrance Omninet Capital December 250 34 135 CBRE


For deals involving a stake, price shown is for full valuation.

 

--02/20/13

Suburban Boston Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
New England Executive Park, Burlington Blackstone February 1,000 $200 $200 Cushman & Wakefield
Riverside Center, Newton Blackstone January 510 190 373 HFF
Greater Boston Portfolio (16 properties) Prologis October 2,300 110 48 Eastdil Secured
5 & 15 Wayside Drive, Burlington Behringer Harvard January 271 68 250 Cushman & Wakefield 
MetroNorth Corporate Center, Woburn National Development January 252 55 200 HFF
Totten Pond Office Park, Waltham BPG Properties January 298 48 160 Cushman & Wakefield
Brookwood Business Center, Billerica Brookwood Financial January 448 35 78 Jones Lang LaSalle
One Newton Place, Newton TA Associates February 172 35 203 Cushman & Wakefield
One Investors Way, Norwood Davis Cos. February 242 30 124 Cushman & Wakefield
1100 Crown Colony Drive, Quincy Dividend Capital January 132 25 189 HFF

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Watertown Arsenal, Watertown Athenahealth (Pending) 754 $168 $223 (None) 
One Mercantile Place, Worcester Benderson Development December 201 76 378 Cushman & Wakefield
Presidents Place, Quincy  Beal Cos. December 349 45 128 Cushman & Wakefield
Waltham Place, Waltham Nordic Properties (Pending) 200 35 175 HFF
Needham Corporate Center, Needham James Campbell Co. December 139 26 190 Cushman & Wakefield

 

--02/13/13

Austin Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
816 Congress Lehman Brothers January 433 $108 $250 Eastdil Secured
Austin Centre Lehman Brothers January 326 65 200 Eastdil Secured
Bridgepoint Plaza L&B Realty  January 178 36 200 CBRE
Chase Park Prime Finance January 285 27 95 Cushman & Wakefield

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Lehman Brothers portfolio (75% stake) Thomas Properties, CalSTRS September 2,940 $644 $292 (None)
Silicon Laboratories headquarters Silicon Laboratories September 447 94 211 (None)
Ladera Bend Presidio Management December 158 34 215 Jones Lang LaSalle
Lavaca Plaza Brickman Associates December 119 32 269 CBRE
Travis Oaks Cornerstone Real Estate December 123 26 211 Transwestern

 

--02/06/13

Manhattan Apartment Properties

 


On the Market
Property Seller Hit
Market		 No. of
Apts.		 Estimated Value Broker
($Mil.) (Per Apt.)
Olivia, 315 West 33rd Street Stonehenge Partners January 333 $425   CBRE
Monterey, 175 East 96th Street Related Cos. January 522 261 $500 Eastdil Secured
Paris, 752 West End Avenue Clipper Equity, Reider Holdings January 197 118 600 Eastdil Secured
15 Cliff Street Lalezarian Development January 156 101 650 CBRE
210-230 West 107th Street Henderson Global, Dermot October 178 70 393 HFF

Recent Deals
Property Buyer Closed No. of
Apts.		 Sales Price Broker
($Mil.) (Per Apt.)
New York by Gehry (49% stake)* TIAA-CREF December 896 $1,050 $1,172 CBRE
Independence Plaza (37.5% stake)* Vornado Realty December 1,328 845 636 Eastdil
MiMa, 440 West 42nd Street (70% stake) TIAA-CREF, Related Cos. Novembe 814 551 967 (None)
Madison Belvedere, 10 East 29th Street Invesco December 404 300 743 Studley
Dermot portfolio Parkoff Org. December 718 158 220 Cushman & Wakefield
Chatsworth, 344 East 72nd Street HFZ Capital, BSG Real Estate December 139 150 1,079 Eastern Consolidated
East Village portfolio Kushner Cos. January 267 128 479 Rosewood Realty
2410-2418 Broadway Robert Gilardian December 46 47 1,011 Eastern Consolidated
Chelsea Muse, 537 West 27th Street Tavros Capital December 31 28 887 Marcus & Millichap

* Price shown is for full valuation

 

--01/30/13

Chicago Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
161 North Clark Street Tishman Speyer January 1,100 $348 $316 Eastdil Secured
225 West Wacker Drive J.P. Morgan January 651 215 330 Jones Lang LaSalle
John Hancock Center  Deutsche Bank, NorthStar January 897 185 206 CB Richard Ellis
400 South Jefferson Street Sterling Bay Cos. (Pending) 230 100 435 Eastdil Secured
625 North Michigan Avenue Lone Star Funds January  329 100 304 Eastdil Secured
208 South LaSalle Street Prime Group December 355 65 183 HFF
360 North Michigan Avenue Joseph Chetrit  December 260 45 173 HFF
205 West Wacker Drive Cape Horn August 264 25 95 HFF

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
540 West Madison Street David Werner, Joseph Mizrachi December 1,112 $350 $315 Jones Lang LaSalle
One South Wacker Drive Harbor Group International December 1,195 221 185 Eastdil Secured
550 West Washington Boulevard MetLife January 375 111 296 Eastdil Secured
125 South Wacker Drive MetLife December 518 107 207 Eastdil Secured
River Center Sterling Bay Cos. December 925 100 108 (None)
231 South LaSalle Street Mark Karasick, Berkeley December 984 97 99 HFF

 

--01/23/13

Southern California Apartment Properties

 


On the Market
Property Seller Hit
Market		 No. of
Apts.		 Estimated Value Broker
($Mil.) (Per Apt.)
Corona Portfolio, Corona Equity Residential December 1,474 $265 $180 Cushman & Wakefield
Mountain Terrace, Montecito, Valencia Equity Residential December 720 198 275 Marcus & Millichap
Missions at Sunbow, Chula Vista Equity Residential December 336 101 300 Cushman & Wakefield
Ridgestone, Lake Elsinore Northwestern Mutual October 352 53 150 CBRE

Recent Deals
Property Buyer Closed No. of
Apts.		 Sales Price Broker
($Mil.) (Per Apt.)
University Gateway, Los Angeles Blue Vista Capital November 421 $250 $594 CBRE
Ironwood/Fairway, Rancho Cucamonga Western National December 496 101 203 Moran & Co.
Terra Nova/Canyon Villas, Chula Vista Jackson Square December 416 77 185 Cushman & Wakefield
Creekside, Simi Valley Decron Properties November 397 70 176 Cushman & Wakefield
Madrid, Mission Viejo Essex Property November 230 64 278 CBRE
Archstone Ventura, Ventura Raintree Partners November 272 60 221 Marcus & Millichap
Archstone City Place, Long Beach Waterton Associates November 221 51 231 HFF
Archstone Long Beach, Long Beach Western National November 206 46 223 Marcus & Millichap
Parcwood, Corona Western National November 312 43 138 Jones Lang LaSalle
Tustin Cottages, Tustin  JB Matteson December 94 38 407 Jones Lang LaSalle