CBRE SELLS 31-UNITS ON MIAMI BEACH FOR $3.3 MILLION

    Ft Lauderdale, FL – February 6, 2013 – (RealEstateRama) — The CBRE Multi-Housing Private Capital Group is pleased to announce the sale of 31 apartment units located at 7609-7617 Carlyle Avenue (16-units); 7635 Dickens Avenue (8-units); and 531 76 Street (7-units) in Miami Beach, Florida. The 31-units sold for $3,308,000 or $106,710 per unit or $161 per square foot. CBRE represented the seller, Carlyle Dickens LLC, a local private capital group. The buyer was a private capital group, GWPV One, LLC.

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    CBRE

    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.

    Contact:

    Robert W. McGrath
    Senior Director, Corporate Communications

    +1 212 9846515
    +1 800 7996523 FREE

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