(12/31/2008)

Large Single-Property Transactions in the Fourth Quarter


Office Buildings

Price
Per SF

Price
($Mil.)

SF
(000)

Property

Buyer

Seller

1,047

$225.0

215

527 Madison Avenue, New York

Mitsui Fudosan America

Macklowe, Fortress

908

158.0

174

Tower 56, New York

Transwestern Investment

Macklowe, Fortress

617

181.4

294

One Westin Center, Washington

Washington REIT

Broadway Partners

602

210.0

349

726 Broadway, New York

New York University

Guardian Life

482

274.0

568

1372 Broadway, New York

Lloyd Goldman

Wachovia, SL Green

475

96.5

203

95 Morton Street, New York

Brickman Associates

Lincoln Property

468

126.3

270

516 West 34th Street, New York

Coach

Bauman and Goldberg

332

260.0

782

Miami Center, Miami

Sumitomo Real Estate

Morgan Stanley, J.P. Morgan

327

172.3

527

Pacific Center 1-3, San Diego

Qualcomm

RREEF, Diversified Props.

314

179.4

1,142

Wachovia Financial Ctr., Miami (50% stake)

(Undisclosed)

Blackstone, Macquarie

206

157.8

767

World Trade Center, Denver

LaSalle Investment Mgmt.

Transwestern, Broadreach

79

103.0

1,300

Place St. Charles, New Orleans

Haberman Group

Loeb Partners, J.S. Karlton


Multi-Family

Price
Per Apt.

Price
($Mil.)

Units

Property

Buyer

Seller

421,348

$75.0

178

Dwight Lofts, Chicago

ASB Capital, Scion

Smithfield Properties

189,145

57.5

304

Avalon Ledges, Quincy, Mass.

Guardian Life Insurance

AvalonBay Communities

156,250

50.0

320

Hunt Club, North Wales, Pa.

BPG Properties

AIMCO

151,087

69.5

460

Bella Terra, Vista, Calif.

R&V Management

RREEF

131,281

53.3

406

Baltimore, La Mesa, Calif.

Strategic Realty Capital

Steiman Trust

124,444

56.0

450

Montebello at Summit Ridge, Reno, Nev.

Robert Floro Gonzales

LaSalle Investment Mgmt.

110,043

51.5

468

Saddle Brooke, Cockeysville, Md.

Home Properties

Berkshire Income Realty

106,883

52.8

494

Post Woods, Atlanta

BPG Properties

Post Properties

97,143

54.4

560

Blue Rock Village 1&2, Vallejo, Calif.

(Undisclosed)

BRE Properties

92,461

65.0

703

Saulet, New Orleans

AVR Realty

Crow Holdings, Greystar


Retail

Price
($Mil.)

Total
SF
(000)

 

Property

Buyer

Seller

$161.2

1,700

 

Southlands Center, Aurora, Colo.

BlackRock Realty Advisors

Alberta Development

115.0

341

 

El Paseo de Saratoga, San Jose

Terramar Retail Centers

Pritzker Realty

110.0

1,000

 

Padre Staples Mall, Corpus Christi, Texas

Calpers, others

W.M. Bevy family & partners

85.0

919

 

200 East 66th Street, New York

Prudential, Madison Cap.

O'Connor Capital

66.2

169

 

Shops at Chauncey Ranch, Scottsdale, Ariz.

Levine Investments

Vertical Holdings

60.0

182

 

Streets of Indian Lake, Hendersonville, Tenn.

Inland Real Estate

Continental Real Estate


Hotel

Price
Per Room

Price
($Mil.)

Rooms

Property

Buyer

Seller

$317,123

46.3

146

Hampton Inn, New York

Magna Hospitality

McSam Hotel Group

171,254

112.0

654

Hyatt Regency, Garden Grove, Calif.

Inland American

Ashford Hospitality


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