Top 5 Most Expensive U.S. Commercial Sales

By
Real Estate Agent with Boston Luxury Residential

As Google contemplates buying its New York City headquarters for $2 billion, AOL’s Daily Finance takes a look at the five largest commercial real estate deals in U.S. history. All of them, it turns out, are in Manhattan.

1. Stuyvesant Town: $5.3 billion
These 110 building, 14-story, rent-stabilized apartments were sold in a deal that closed right before the real estate meltdown. Since then, the buyers have turned the property back to their creditors.

2. GM Building: $2.8 billion
This is the single most expensive purchase of an individual building ever. Boston Properties, Goldman Sachs (GS), and Meraas Capital purchased it in 2008.

3. Rockefeller Center: $1.85 billion
This complex houses Radio City Music Hall, the GE Building, and the Bank of America Building. Goldman Sachs and Tishman-Speyer sold it to Lester Crown.

4. 666 5th Avenue: $1.8 billion
Its sale in January 2007 was, at that time, the most ever paid for a single office building.

5. Worldwide Plaza: $1.74 billion
Macklowe Properties bought the property in February 2007. About two-and-a-half years later, it was sold for about $600 million, a 65 percent decline in value.

Source: Daily Finance (10/03/2010)

Posted by

C.H. Naamad
Broker

Boston Luxury Residential
BostonLuxuryResidential.com
ch@blrboston.com
Cell: 617-407-9740

 “If you have any questions about Boston real estate, or desire more information about a property, please contact Boston Luxury Residential: C.H. Naamad:  617-407-9740, or email @ ch@blrboston.com  to begin working for you.”  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate Market Trends
Location:
Massachusetts Suffolk County Boston
Groups:
Realtors®
Tags:
real estate market conditions

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
23,630

C.H. Naamad

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Boston Luxury Residential is a boutique real estate firm that specializes in Boston Luxury condo sales, Boston Luxury apartment rentals, Boston Luxury buildings, and relocation services to Boston in Back Bay, South End, Beacon Hill, Waterfront, Seaport District, Brookline, or Cambridge.