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.