IRVINE, CA—A Honolulu-based, 83,906-square-footoffice building, One South King,was among the 48 commercial assets for which Auction.comLLC facilitated closings during the month of April. Thecombined total sales price for the online marketplace's Apriltransactions, which included office, multifamily,hotel and retail properties, was morethan $148 million.
GlobeSt.com was unable to reach Auction.com prior to deadline todiscuss whether its high aggregated monthly sales prices arerelated to increasing commercial real estate salesprices in general, or whether the phenomenon is being caused byother factors.
Other notable closings during the month include:
- Overland Park Trade Center, a651,648-square-foot office property in Overland Park, KS
- The Hayden, a five-unit, 9.624-square-footluxury apartment building on Manhattan's Upper West Side in NewYork
- InnPlace Hotel, a 289-room hotel inCharleston, SC
- Ridge Point Crossing and Ridge PointWest, two multifamily properties totaling 388 units in St.Louis
- Delray Square, a 113,175-square-footgrocery-anchored retail center in Delray Beach, FL
- Morris Business Campus, three office buildingstotaling 329,650 square feet in Morris Plains, NJ.
Brokers who participated in the April transactions includeAriel Property Advisors, Cassidy Turley, ColliersInternational and Hospitality Real EstateCounselors.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
