Crains New York - January 14, 2013 - (Page 30)

THE LIST Real Capital Analytics’ Top Property Sales Biggest commercial transactions in NYC in 2012, ranked by price Sq. ft. or Address/ property type/ submarket 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 15 17 18 18 20 21 22 23 24 25 30 | Brooklyn 666 Fifth Ave. (retail condo)2 Retail Midtown West 450 Lexington Ave. Office Midtown East 795-808 Columbus Ave., 801 Amsterdam Ave. (Columbus Square) Apartment Upper West Side 450 W. 42nd St. (MiMa) Apartment Midtown West 8 Spruce St. (New York by Gehry) Apartment Downtown 641-64 Fifth Ave. (Olympic Tower) Office/Retail Midtown East 310 Greenwich St. (Independence Plaza North) $498.4 Apartment Downtown 1 Court Square Office Queens 768 Fifth Ave. (The Plaza and Shops at the Plaza) Hotel/Retail Midtown East 1285 Sixth Ave. (PaineWebber Building) Office Midtown West 530 Fifth Ave. Office Midtown West 2 E. 55th St. (St. Regis retail condo) Retail Midtown East 160 Central Park South (Essex House) Hotel Midtown West 575 Lexington Ave. (Grolier Building) Office Midtown East 1411 Broadway (World Apparel Center) Office Midtown West 10 E. 29th St. (Madison Belvedere) Apartment Midtown East 105 W. 29th St. (The Beatrice) Apartment Midtown West 1440 Broadway Office Midtown West 135 W. 50th St. (Sports Illustrated Building) Land Midtown West 790 Seventh Ave. (Manhattan at Times Square) $275.0 Hotel Midtown West 4 New York Plaza Office Downtown 220 W. 42nd St. (Candler Building) Office Midtown West 10 E. 53rd St. Office Midtown East 340 West St. (St. John's Center) Office Midtown South 1-Partial interest transactions included at the prorated share of the 100% property value. 2-Fee simple: 38,614 square feet; 99-year leasehold: 15,920 square feet Real Capital Analytics Inc. is an independent research firm focused exclusively on capital investment markets for commercial real estate.RCA offers comprehensive information on activity in the industry. In addition to collecting transactional information for property sales and financings, it interprets the data, including capitalization rates, market trends, pricing and sales volume. The firm publishes a series of “Capital Trends” reports and offers an online service that provides real-time, global transactional market information.Visit www.rcanalytics.com. Crain’s New York Business | January 14, 2013 $250.0 $252.5 $261.0 $270.0 $279.0 $280.0 $280.0 $300.0 $360.0 $360.0 $362.3 $380.6 $402.0 $390.0 1,749,000 $460 537,800 $725 24,800 $15,347 518 $699,421 743,240 $484 1,150,705 $627 404 $742,574 301 $930,233 740,000 $473 800,000 $349 665 $413,534 1,016,406 $266 227,685 $1,146 388,684 $662 1,200,000 $416 100% 100% 100% 50% 80% 100% 100% $350.0 10/17 Rockpoint Group $279.0 8/24 UBS Realty Advisors $275.0 10/2 Rockpoint Group/ Highgate Holdings $270.0 5/23 EDGE Fund Advisors/ HSBC Holdings $261.0 11/29 Epic U.K. Ltd. Prudential RE Investors The Lehman Family Starwood Harbor Group International Paramount Group $252.5 2/12 SL Green/CPP Investment Board New Millennium Estates (Cariplo Pension Fund) $499.0 12/28 Westbrook Partners/Fortress Eugene Grant LIST RANK 4 ADDRESS 795 Columbus Ave. PRICE PER UNIT $963,303 100% 100% 50% 100% $360.0 10/22 Normandy Real Estate Partners/ New York Life $721.4 11/19 Caisse de Depot $300.0 12/5 Invesco RE OBO L.A. County Employees $280.0 6/22 Equity Residential CalSTRS/Silverstein Properties Blackstone Rose Associates Inc. JD Carlisle/DLJ RE Capital Partners LIST RANK 3 ADDRESS 450 Lexington Ave. PRICE PER SQ. FT. $733 100% 50% 100% 100% $804.0 11/13 AXA Group $390.0 1/31 Crown Acquisitions/ Murray Hill Properties $380.6 10/11 Richemont Equitable Life Assurance LIST RANK 2 Moinian Group/David Werner Crown Acquisitions/ Goldman Properties $362.3 9/14 Strategic/KSL Capital Partners Dubai Holding ADDRESS 666 Fifth Ave. PRICE PER SQ. FT. $12,979 $431.3 $481.1 $499.0 $551.2 $514.5 814 $967,322 896 $1,171,875 421,809 $2,371 1,328 $636,145 1,401,609 $343 230 $2,500,000 100% 75% $481.1 7/17 David Werner/Feil Organization $575.0 11/27 Sahara India Pariwar JPMorgan/SL Green Delek Group 50% 59% 49% $1,050.0 12/21 TIAA-CREF/ National Real Estate Advisors $1,000.0 5/13 Crown Acquisitions $844.8 12/21 Vornado Realty Trust Forest City/National Real Estate Advisors Onassis Foundation Stellar Management 70% $787.4 12/7 TIAA-CREF Goldman Sachs LIST RANK 1 ADDRESS 5100 Kings Plaza PRICE PER SQ. FT. $683 $630.0 654 $963,303 100% $630.0 1/12 UDR Inc./ MetLife Chetrit Group/Stellar Management $667.5 Transaction price (in millions)1 5100 Kings Plaza (Kings Plaza Shopping Center) $751.0 Retail $707.8 # of units/ price per sq. ft. or unit 1,100,000 $683 54,534 $12,979 910,473 $733 100% $667.5 9/14 RXR Realty Dubai World 100% $707.8 12/7 Vornado Realty Trust Carlyle Group/Crown Acquisitions Interest conveyed 100% 100% value Close (in millions) date Buyer $751.0 11/28 Macerich Seller Vornado Realty Trust TOP FOUR SALES http://www.rcanalytics.com

Table of Contents for the Digital Edition of Crains New York - January 14, 2013

Crains New York - January 14, 2013
In the Boroughs
In the Markets
The Insider
Business People
Opinion
Greg David
Small Business
Report: Real Estate
The List
Classifieds
New York, New York
Source Breakfast
Out and About
Snaps

Crains New York - January 14, 2013