Please submit deals to: deals@therealdeal.com
| Address | Size Info | Price (in millions) | Buyer | Buyer Representative | Seller | Seller Representative | Notes | Issue | 620 Sixth Ave, NY MAP | 700,000 sf office bldg | 500 | RXR Realty | n/a | Yair Levy; Joseph Chetrit; Charles Dayan | n/a | The sale of the office and retail building closed for $500 million. | February 2012 | 870 Seventh Ave, NY MAP | 934-room hotel | 396.2 | LaSalle Hotel Properties | n/a | n/a | Hodges Ward Elliot | The Park Central hotel sold for $396.2 million, or about $425,000 per key. The buyer plans to spend between $30 million and $35 million to renovate the hotel starting late this year, including an upgrade of guest rooms, bathrooms, corridors and the lobby by 2013. | February 2012 | 70 Pine St, NY MAP | 66-story office bldg | 205 | Metro Loft Management; Eastbridge Sarl | n/a | n/a | n/a | The property sold for $205 million. According to Real Estate Weekly, the building will be transformed into 700 luxury apartments and a high-end hotel, with the conversion slated to be completed in 2013. | February 2012 | 11 East 68th St, NY MAP | 100,000 sf apt. bldg | 170 | HFZ Capital Group; Vornado Capital Partners | n/a | n/a | n/a | The property sold for $170 million. HFZ will own and reposition the residential portion of the building, while Vornado will own and manage the retail portion. | February 2012 | 377 East 33rd St, NY MAP | 209-unit apt. bldg | 131 | Archstone | n/a | Madison International Realty; RFR Holding | D. Karson, H. Hwang, N. Rockett, C&W Sonnenblick Goldman | The property sold for $131 million. The buyer will rename the building Archstone Kips Bay. | February 2012 | One Battery Park Plaza, NY MAP | 885,645 sf office bldg | 80 | The Rudin family | n/a | The Rose family | n/a | The Rudins bought out the Roses' 50 percent stake in the building for about $80 million, the New York Post reported. | February 2012 | 175 Kent Ave, Brooklyn, NY MAP | 113-unit apt. bldg | 76 | Equity Residential | n/a | The Chetrit Group | n/a | The property sold for $76 million, Crain's reported. | February 2012 | 59 West 35th St, NY MAP | 146-room hotel bldg | 69.5 | Rockbridge Capital | n/a | Magna Hospitality | n/a | The Hampton Inn sold for $69.5 million, or about $476,027 per key, the New York Post reported. | February 2012 | 138 East 50th St, NY MAP | Development site | 61 | Extell Development Co. | n/a | n/a | n/a | The development site sold for $61 million, the New York Post reported. | February 2012 | 170 Broadway, NY MAP | Office bldg | 55 | Crown Acquisition; The Carlyle Group; Highgate Holdings | n/a | Troy Baydala, AMG Realty | n/a | The sale of the building closed for $55 million, the New York Post reported. The buyers plan to redevelop the property into a hotel with retail. | February 2012 |
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