EXECUTIVE AIRPORT BUSINESS CENTER PURCHASED FOR $3.4 MILLION

EXECUTIVE AIRPORT BUSINESS CENTER PURCHASED FOR $3.4 MILLION

Fort Lauderdale, FL – December 12, 2011 – (RealEstateRama) — Sale transactions involving commercial real estate assets at significantly reduced prices continue to flood the investment properties market. Supporting this trend was KAS Airport, LLC’s $3.4 million acquisition of Executive Airport Business Center in a short-sale transaction with special servicer, Berkadia.

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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.

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