Housing was the word of the week on the lips of dealmakers with Blackstone selling off $1.6 billion worth of student housing around campuses in multiple states while in New York City Rudin is selling off an office tower for $160 million, with the new owners planning to convert it to residential.
Amount
Address
Buyer
Seller
Brokers
Asset
19-property portfolio
KKR
Blackstone Real Estate Income Trust
N/A
Student housing
80 Pine Street
Bushburg
Rudin
Eastdil Secured’s Gary Phillips and Will Silverman
Office
4735 Sepulveda Boulevard
N/A
45-40 Vernon Boulevard
Quadrum Global, Baron Property Group and Simon Development
JLL’s Brendan Maddigan, Rob Hinckley, Michael Mazzara, Ethan Stanton, Winfield Clifford and Vickram Jambu
Development site
1200 North Queen Street and 1225 North Pierce Street
Bozzuto Group
Gables Residential
N/A
Sales Deals of the Week reflects deals closed or announced from April 22 to April 26. Information on sales can be sent to editorial@commercialobserver.com.
Robert Khodadadian has long had a simple philosophy about selling real estate. The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.
Robert Khodadadian, skyline properties, ground leases, off market, investment sales, Commercial Real Estate, Commercial Observer
Read MoreChannel, Sales, Abacus Capital Group, Alliance Residential Company, Baron Property Group, Blackstone Real Estate Income Trust, Deals of the Week, KKR, Quadrum Global, Simon Development, ZD Jasper Realty, National Commercial Observer
