(03/31/2009)

Large Single-Property Transactions in the First Quarter

Office Buildings

Price
Per SF

Price
($Mil.)

SF
(000)

Property

Buyer

Seller

$844

$137.5

163

301 Velocity Way, Foster City, Calif.

Gilead Sciences

Electronics for Imaging

751

370.0

493

1334 York Avenue, New York

Sotheby's

RFR Holdings, Sachsenfonds

500

254.0

1,017

One Beacon Street, Boston (50% stake)

Allianz

Beacon Capital Partners

433

180.0

416

1615 L Street NW, Washington

Bernard Spitzer

Broadway Partners

395

170.0

430

FBI Chicago Field Office, Chicago

USAA Real Estate

Pritzker, Higgins Development

392

355.0

906

1540 Broadway, New York

CB Richard Ellis Investors

Deutsche Bank

343

230.0

670

Sanofi-Aventis complex, Bridgewater, N.J.

Inland American Real Estate

SL Green, Gramercy Capital

300

225.0

1,502

New York Times Bldg., New York (50% st.)

W.P. Carey

New York Times Co.


Multi-Family

Price
Per Apt.

Price
($Mil.)

Units

Property

Buyer

Seller

$153,257

$40.0

261

Newbury Commons, Stamford, Conn.

Seaboard Properties

Connecticut Housing Finance Auth.

126,453

43.5

344

Riverview at Upper Landing, St. Paul, Minn.

Intercontinental Real Estate

Prudential Real Estate


Retail

Price
($Mil.)

Total
SF
(000)

 

Property

Buyer

Seller

$95.0

508

 

Metropolis Mall, Plainfield, Ind.

Dominion Capital Management

Premier Properties

78.0

640

 

Cortlandt Towne Center, Cortlandt, N.Y.

Acadia Realty

Centro Properties

73.5

264

 

Crossroads Marketplace, Chino Hills, Calif.

Lakha Investments

American Realty, Krausz Cos.

67.8

402

 

Tanger Outlet, Myrtle Beach, S.C. (50% st.)

Tanger Factory Outlet Centers

Rosen-Warren Development


Hotel

Price
Per Room

Price
($Mil.)

Rooms

Property

Buyer

Seller

$407,787

$99.5

244

Fairfield Inn New York/Times Square

Gehr Development

Lam Group

406,711

121.2

298

Hilton Garden Inn New York

RLJ Development

Brack Capital Real Estate

226,000

113.0

500

Hyatt Regency Boston

Hyatt Corp.

Host Hotels & Resorts

90,573

98.0

1,082

Renaissance St. Louis Grand, St. Louis

UMB Bank

HRI Development


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