CORAL GABLES MULTI-HOUSING PROPERTY PURCHASED FOR $4.5 MILLION FOR FUTURE DEVELOPMENT POTENTIAL

CORAL GABLES MULTI-HOUSING PROPERTY PURCHASED FOR $4.5 MILLION FOR FUTURE DEVELOPMENT POTENTIAL

Coral Gables, FL – March 30, 2012 – (RealEstateRama) — CBRE arranged the sale of a 34-unit multi-housing property located at 501–525 Valencia Avenue. The Coral Gables property was purchased by Miami-based TM Real Estate Group for $4.5 million. CBRE marketed the property and negotiated the transaction on behalf of the seller, H&V Partners, LLC.

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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.

Contact:

Robert W. McGrath
Senior Director, Corporate Communications

+1 212 9846515
+1 800 7996523 FREE

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