CBRE SELLS 39-UNITS IN SOUTH BEACH FOR $5,500,000

    Ft Lauderdale, FL – March 21, 2013 – (RealEstateRama) — March 21, 2013 – The CBRE Multi-Housing Private Capital Group arranged the sale of three buildings totaling 39-units located on South Beach at 1348 Drexel Avenue, 1135 8th Street and 951 Jefferson Avenue. Bleu Lionn Capital, a local private capital group sold the three properties for $5,500,000 or $141,026 per unit or $261 per square foot to Bar Invest Group, a private capital group based in Miami, FL.

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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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