ST. PETERSBURG APARTMENT COMMUNITY PURCHASED FOR $640,000

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St. Petersburg, FL – September 22, 2011 – (RealEstateRama) — The CBRE Multi-Housing Group in Tampa announced today the sale of the 18-unit Queen Anne Apartments in St. Petersburg to Queen Anne I LLC for $640,000. CBRE Associate, Matthew Baldwin provided seller representation for sale of the bank-owned asset.

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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

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Robert W. McGrath
Senior Director, Corporate Communications

+1 212 9846515
+1 800 7996523 FREE

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