RCA in the commercial property press:

The Ten Largest US Commercial Property Transactions of All Time

Daily Finance - AOL reports: In his 24/7 Wall St column on AOL’s Daily Finance, Douglas McIntyre leveraged transaction data from Real Capital Analytics to compile a list of the ten largest commercial real estate transactions of all time. The list is timely, McIntyre states, “as Google reportedly ponders its New York City headquarters for a cool $2 billion...” Were Google’s property at 111 Eighth Avenue in Manhattan to sell for that price, it would still only place at third on the all-time list, behind 2007’s sale of Stuyvesant Town/Peter-Cooper Village and the GM Building in 2008. Interestingly, McIntyre discovered that Manhattan completely dominated the list of most expensive US sales to-date. “Land Barons Take Note” advised McIntyre, who pointed out that location, location, location really is what it’s all about in commercial real estate.

Mr McIntyre's List as published on 11/03/10:

1 Stuyvesant Town - $5.3 billion
2 GM Building - $2.8 billion
3 Rockefeller Center - $1.85 billion
4 666 Fifth Ave - $1.8 billion
5 Worldwide Plaza - $1.74 billion
6 MetLife Building - $1.72 billion
7 Travelers Complex - $1.58 billion
8 News Corp Building - $1.52 billion
9 1301 Avenue of the Americas - $1.46 billion
10 Five Times Square (Ernst & Young Tower) - $1.28 billion

Articles related to this topic:

 CB Richard Ellis Sells Stake in Manhattan Office Tower
 Google Said to be in $1.8B Contract for 111 Eighth Avenue
 Slow Economic Growth and Volatility – The New Normal?
 Google Set to Close on Manhattan Headquarters by Year-End

Posted by: Nina Turner

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