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Market Spotlights

--02/22/12

Apartment Properties in Northern and Central Florida

 


On the Market
Property Seller Hit
Market		 No. of
Apts.		 Estimated Value Broker
($Mil.) (Per Apt.)
Windsor Club at Legacy, Riverview Flournoy Development February 372 $43 $115 Cushman & Wakefield
Victoria Grand, Tallahassee PAC Land January 320 40 125 Jones Lang LaSalle
Legacy on the Bay, Destin Global Asset Alternatives February 300 39 130 Cushman & Wakefield
Avalon Heights, Tampa (student housing) AG Development January 210 32 152 Cushman & Wakefield

Recent Deals
Property Buyer Closed No. of
Apts.		 Sales Price Broker
($Mil.) (Per Apt.)
Sterling Central, Orlando (student housing) Harrison Street Real Estate December 507 $84 166 (None)
Circle portfolio JMG Realty December 636 65 102 Apartment Realty Advisors
Citigate, Jacksonville JRK Property December 444 55 123 CBRE
Reserve at Gateway, Jacksonville Clarion Partners December 314 40 127 Apartment Realty Advisors

 

--02/15/12

Atlanta Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Seven buildings Banyan Street Capital February 1,100 $135 $123 Cushman & Wakefield
Paces West (majority stake) Behringer Harvard February 647 87 135 CBRE
Ten Peachtree Cousins Properties, Coca Cola January 260 50 192 Eastdil Secured

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Promenade Two Cousins Properties November 792 $138 $174 Eastdil, Jones Lang
Riverwood 100 Highwoods Properties September 503 78 155 Eastdil Secured
Lenox Building (Unidentified) (Pending) 348 61 175 Cushman & Wakefield
201 17th Street CBRE Global Investors December 349 49 140 Eastdil Secured
One Georgia Center Government Properties Income September 376 49 129 Cushman & Wakefield
Parkside Terrace, Alpharetta Granite Properties December 253 25 100 CBRE

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

 

--02/08/12

New York Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Four New York Plaza Harbor Group International December 1,100 $253 $230 CBRE
633 Third Avenue (office condo) Time Equities February 190 204 1,075 (None)
325 Hudson Street Bristol Group, Young Woo January  241 115 477 CBRE
148 Lafayette Street  Property Group Partners, others January  154 130 844 Eastdil Secured

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
530 Fifth Avenue  Jamestown, Murray Hill, partners  January  560 $390 $696 Eastdil Secured
620 Sixth Avenue (55% stake) RXR Realty December 670 275 746 Eastdil Secured
10 East 53rd Street  SL Green  (Pending)  390 253 647 CBRE
33 Maiden Lane  Vornado Realty   (Pending)  623 208 334 CBRE 
511 West 25th Street  Related Cos.  (Pending)  195 93 477 CBRE 

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

--02/01/12

Southern California Hotels

 


On the Market
Property Seller Hit
Market		 No. of
Rooms.		 Estimated Value Broker
($Mil.) (Per Rm.)
Renaissance Hollywood Hotel, Los Angeles CIM Group January 632 $215 $340,000 Jones Lang LaSalle
Bacara Resort & Spa, Goleta Rockpoint, Ohana January 358 200 559,000 Hodges Ward Elliott
Hotel Palomar Los Angeles-Westwood    Behringer Harvard December 264 90 341,000 Eastdil Secured
Marriott Del Mar, San Diego Sunstone Hotel January 281 55 195,000 Hodges Ward Elliott
Hilton Del Mar, San Diego Sunstone Hotel January 257 50 195,000 Hodges Ward Elliott

Recent Deals
Property Buyer Closed No. of
Rooms		 Sales Price Broker
($Mil.) (Per Rm.)
Estancia La Jolla Pacific Hospitality Novembe 210 $56 $267,000 Jones Lang LaSalle
Kyoto Grand Hotel, Los Angeles UBS Realty, RIM Hospitality October 434 45 104,000 Jones Lang LaSalle
Canary Hotel, Santa Barbara Kimpton Hotels (Pending) 97 44 448,000 Eastdil Secured
La Valencia, La Jolla Pacifica Cos.   Septemb 113 41 363,000 (None)

 

--01/25/12

Office Properties in the Carolinas

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Coliseum Centre, Charlotte J.P. Morgan Asset Mgmt. November 980 $125 $128 CBRE
Wells Fargo Center, Winston-Salem, N.C. Karasick, Werner, Harbor January 546 70 128 HFF
11000 Weston Parkway, Cary, N.C. Highwoods Properties January 178 30 168 Cassidy Turley
Centennial Corp. Center, Aiken, S.C. Matrix Realty November 205 24 119 CBRE

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Keystone Technology Park, Durham, N.C. Lionstone Group August 806 $89 $110 Cassidy Turley
Ally Center, Charlotte Principal Real Estate October 368 61 164 (None)
Network Center, Durham, N.C.  Fidelity Investments November 676 34 51 CBRE
BB&T headquarters, Winston-Salem, N.C. Inland Real Estate December 239 34 143 Jones Lang LaSalle

 

--01/18/12

Atlanta-Area Apartment Properties

 


On the Market
Property Seller Hit
Market		 No. of
Apts.		 Estimated Value Broker
($Mil.) (Per Apt.)
Alexander at Perimeter, Dunwoody A.G. Spanos Cos. January 380 $57 $150,000 Engler Financial
Axis at Perimeter, Atlanta Lane Co. January 312 50 160,000 Jones Lang LaSalle
Ansley Village, Macon Mid-America Apartments November 294 27 92,000 Engler Financial
Kings Bridge, Roswell Pinnacle Cos. December 312 25 80,000 Jones Lang LaSalle
Retreat at Windy Hill, Marietta Bascom Group December 654 21 32,000 CBRE

Recent Deals
Property Buyer Closed No. of
Apts.		 Sales Price Broker
($Mil.) (Per Apt.)
Davis Development portfolio, Newnan GFI Capital partnership December 1,168 $107 $91,000 (None)
Rockledge Resort, Marietta Greystar Real Estate August 708 75 106,000 (None)
Alexan Town Brookhaven, Atlanta (Unknown) (Pending) 287 54 188,000 Engler Financial
Oxford Springs/Oxford Oak, Atlanta Pollack Partners November 556 49 88,000 Apartment Realty Advisors
AMLI at Barrett Lakes, Kennesaw First Communities October 446 48 107,000 CBRE

 

--01/11/12

Suburban Chicago Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
3 properties in Deerfield, Rosemont GE Capital January 1,200 $280 $233 Jones Lang LaSalle
Sysmex Corp. Center, Lincolnshire Bridge Development partnership Septemb 163 50 307 HFF
1333 Burr Ridge Parkway, Burr Ridge (Unknown) July  151 25 166 HFF

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
One Pierce Place/500 Park Blvd., Itasca Long Wharf Real Estate Novembe 1,030 $74 $72 Grubb & Ellis
Caremark Towers 2, Northbrook Cole Real Estate Novembe 195 44 227 Eastdil Secured
4 properties in Vernon Hills (Unknown) (Pending) 294 38 129 HFF
909 Davis, Evanston Franklin Street Properties October  195 35 180 Jones Lang LaSalle

 

--12/21/11

Seattle-Area Retail Properties


On the Market
Property Seller Hit
Market


SF
(000)

Estimated
Value
($Mil.) 		 Broker
Shops at Bravern, Bellevue Schnitzer West, Investcorp Novembe 310 $100 CBRE
Covington Portfolio, Covington (Unidentified) Novembe 304 60 Capital Pacific
Gateway Shopping Center, Marysville Kite Realty, White-Leisure October 106 35 Capital Pacific

Recent Deals
Property Buyer Closed SF
(000)		 Value
($Mil.) 		 Broker
Bellevue Galleria, Bellevue Thor Equities April 204 $88 (None)
Westwood Village, Seattle Multi-Employer Property Trust March 307 78 CBRE
Lakeland Town Center, Auburn Loja Real Estate June 125 39 Colliers
Kress Building, Seattle Retail Opportunity Investments Septemb 74 29 (None)

 

--12/14/11

Phoenix-Area Apartment Properties

 


On the Market
Property Seller Hit
Market		 No. of
Apts.		 Estimated Value Broker
($Mil.) (Per Apt.)
Haven in Tempe Petra Mortgage Capital November 660 $54 $82 Marcus & Millichap
San Portella, Tempe Mark-Taylor Residential October 308 50 162 CBRE
San Ventura, Chandler Harbert Management December 272 31 112 CBRE
Estates on Maryland, Chandler Colony Realty November 330 30 91 CBRE

Recent Deals
Property Buyer Closed No. of
Apts.		 Sales Price Broker
($Mil.) (Per Apt.)
Glen Eagles, Scottsdale AEW Capital November 330 $55 $168 CBRE
Broadstone Canyon Crossroads, Phoenix Baron Properties August 280 33 119 Hendricks & Partners
Aldea at Estrella Falls, Goodyear Pillar Communities September 328 33 100 CBRE
Ironhorse at Tramonto, Phoenix Van Tuyl Group September 324 31 94 Apartment Realty Advisors

 

--12/07/11

Boston-Area Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
State Street Financial Center, Boston  Fortis Property June 1,000 $1,150 $1,150 Cushman & Wakefield
Cambridge Place, Cambridge  MetLife September  285 120 421 Eastdil Secured
Seaport Center, Boston Rockpoint, Beal Cos. October 461 115 249 Eastdil Secured
One Exeter Plaza, Boston  Ruben Cos.  October 211 112 531 Cushman & Wakefield 
Long Wharf Boston, Boston ELV Associates October 78 30 385 Cushman & Wakefield
One Faneuil Hall Square, Boston (Unknown)  November 44 40 903 Jones Lang LaSalle

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Exchange Place, Boston   UBS Investors  (Pending) 1,200 $625 $521 Eastdil Secured
535-545 Boylston Street, Boston  Clarion Partners (Pending)  184 87 473 Cushman & Wakefield 
Davenport, Cambridge Divco (Pending) 221 82 375 Cushman & Wakefield
179 Lincoln Street, Boston Invesco (Pending) 220 78 354 CB Richard Ellis
226 Causeway Street, Boston  Spear Street Capital September  193 43 223 Cushman & Wakefield
250-260 Summer Street, Boston   Synergy Investment (Pending) 105 25 238 HFF

 

--11/30/11

Houston Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Four Oaks Place (50% stake) TIAA-CREF September 1,700 $400 $230 Eastdil Secured
Bank of America Center (50% stake) GE Pension, M-M Properties September 1,300 375 300 Eastdil Secured
1000 Main Street KanAm November 837 360 430 CBRE
Plaza at Enclave Core Real Estate September 344 120 349 HFF

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Wells Fargo Plaza (50% stake) ING, New York Common Fund September 1,700 $510 $300 HFF
Hess Tower H&R REIT (Pending) 845 445 527 CBRE
2500 CityWest Boulevard Crimson Real Estate November 578 125 216 HFF
Energy Center 2 American Realty June 303 93 306 CBRE
Brookhollow Central Parmenter Realty (Pending) 806 71 88 HFF
Westway 2 Wells Core Office Income REIT September 242 70 290 HFF
1177 West Loop South Spire Realty (Pending) 342 61 178 CBRE
City Centre 2 LaSalle Investment  August 150 44 295 HFF

NOTE: For deals involving a stake, total value and size of property are shown.

--11/16/11

Seattle-Area Office Properties

 


On the Market
Property Seller Hit
Market		 SF
(000)		 Estimated Value Broker
($Mil.) (Per SF)
Second & Seneca, Seattle Tishman Speyer October 497 $190 $382 Eastdil Secured
Metropolitan Park, Seattle Walton Street November 700 150 212 Eastdil Secured
Fremont Lake Union Center, Seattle Union Investment Real Estate November 335 115 387 CBRE
Schnitzer North Creek, Bothell Schnitzer West July 199 70 352 CBRE

Recent Deals
Property Buyer Closed SFf
(000)		 Sales Price Broker
($Mil.) (Per SF)
Westlake Center, Seattle TIAA-CREF August 363 $119 $329 Eastdil Secured
Smith Tower, Seattle CBRE Investors (Pending) 272 34 125 HFF
FAA Building, Renton Federal Partners November 200 35 175 Jones Lang LaSalle
Seattle Tower, Seattle Invesco August 161 31 189 Eastdil Secured
First & Stewart, Seattle L&B Realty August 91 30 333 Pacific Real Estate