POMPANO BEACH OFFICE BUILDING SOLD FOR $1.33 MILLION

POMPANO BEACH OFFICE BUILDING SOLD FOR $1.33 MILLION

Pompano Beach, FL – May 24, 2012 – (RealEstateRama) — The sale of the Arbour Building at 440 East Sample Road in Pompano Beach demonstrates a changing trend in the asset category of actively trading properties. During the past 24 months, sales have been almost entirely comprised of core Class A product or distressed assets. The Arbour Building, a stabilized Class B office building, lies between these two opposite ends of the spectrum for investment sales.

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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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Robert W. McGrath
Senior Director, Corporate Communications

+1 212 9846515
+1 800 7996523 FREE

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