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

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:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Contact:

Nadja Brandt
Corporate Communications, Pacific Southwest

+1 213 6133627