Top 20 commercial acquisitions by country

Foreign buyers acquired just under $9.5 billion worth of commercial property in the five boroughs last year, down from about $20.2 billion in 2015, according to Real Capital Analytics. As Chinese capital continues to recede, though, a new foreign investment landscape has emerged with a diverse mix of other cross-border players.

Here are the top 20 commercial acquisitions in Manhattan involving foreign buyers between July 2017 and June 2019, according to an analysis of RCA data by The Real Deal.

Top 20 commercial acquisitions in Manhattan involving foreign buyers

130 Hudson Yards (commercial condo)$2.20BAllianz, Arizona State Retirement System, Related CompaniesGermany
2666 Fifth Avenue (ground lease)$1.29BBrookfield
Asset Management
3TSX Broadway (additional equity)$719MUBS, SoftBank Group and partnersSwitzerland, Japan
4St. John's Terminal$700MOMERS, CPP Investment BoardCanada
5Park Lane Hotel (increased stake)$654.5MMubadalaUAE
6Random House Tower$633MQSuperAustralia
7Saatchi & Saatchi Building$615MNBIM, Trinity Real Estate, HinesNorway
8Plaza Hotel$600MQIAQatar
9685 Third Avenue$467.5MUnizo HoldingsJapan
101515 Broadway (43% stake)$460MAllianzGermany
11101 West End Avenue$416MPGGM (NL), Dermot CompanyNetherlands
12Standard Hotel$340MGaw CapitalHong Kong
13222 East 41st Street$332.5MCommerz RealGermany
141065 Second Avenue$277.5MOMERSCanada
15Terminal Stores (30% stake)~$270MAllianzGermany
16333 West 34th Street$255MBrookfield Asset ManagementCanada
1721 West End Avenue (30% stake)$195MPGGM (NL)Netherlands
18400 Madison Avenue$194.5MDaishin SecuritiesSouth Korea
19The Helux/The Landon$193MPGGM (NL), Dermot Company, USAANetherlands
20West End Collegiate Church development site$158MDaishin Securities, Alchemy PropertiesSouth Korea
Source: First published in the September 2019 issue of The Real Deal. TRD analysis of data from Real Capital Analytics based on independent reports of properties and portfolios of $2.5 million and greater. Acquisitions by joint ventures between foreign and U.S. firms are counted in full as cross-border acquisitions.