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NYSE:CBG

RETAIL BUILDING AND MCDONALDS GROUND LEASE PURCHASED FOR $2.6M

West Palm Beach, FL - November 21, 2011 - (RealEstateRama) -- CBRE is pleased to have facilitated the $2.6 million acquisition of 9835-9847 Okeechobee Boulevard on behalf of the buyer, Okeechobee 9847 LLC. The purchase includes a long-term ground lease with a free-standing McDonalds and a vacant 3,750-square-foot retail building.

CBRE CAPITAL MARKETS ARRANGES $52.57 MILLION IN PERMANENT FINANCING FOR MULTIFAMILY PROPERTIES

Orlando, FL - November 21, 2011 - (RealEstateRama) -- Financing of multifamily properties through Freddie Mac’s Capital Markets Execution (CME) loan program remains strong throughout the U.S. as reflected by the recent transactions from CBRE’s Orlando, Florida office. In less than two months, CBRE Senior Vice President Glenn Housman, MAI, secured a total of $52.57 million in permanent financing for four separate properties, on behalf of three different investment groups. All loans originated through Freddie Mac.

FREIGHT FORWARDING FIRM EXPANDS IN DORAL

Doral, FL - November 10, 2011 - (RealEstateRama) -- Codotrans, Inc. is relocating and expanding to Beacon Centre with new lease agreement for 41,990 square feet. The cargo logistics firm is increasing their footprint in Doral by approximately 17,000 square feet. Less than two miles from their existing location, the move also represents a flight to quality as they upgrade to Class A space.

CBRE ARRANGES $250 MILLION ACQUISITION FINANCING FOR H&R REIT

Long Island City, NY - November 7, 2011 - (RealEstateRama) -- The CBRE Capital Markets team in Tampa arranged the acquisition financing on Two Gotham Center, a 670,000-square-foot, state-of-the-art, LEED Certified 22-story office building, on behalf of the borrower, H&R REIT. Financing terms of the $250 million loan include a 10-year term and a 4.25% interest rate.

WASHINGTON SHORES PLAZA PURCHASED FOR $1.8 MILLION

Orlando, FL - November 4, 2011 - (RealEstateRama) -- Washington Shores Plaza, a neighborhood shopping center with 45,370 rentable square feet, was purchased by CRP II – Washington Shores LLC for $1.8 million. CBRE marketed the REO asset for sale on behalf of Berkadia, the special servicer to the underlying bondholders.

BOCA RATON RETAIL TEAM JOINS CBRE IN SOUTH FLORIDA

Boca Raton, FL - November 1, 2011 - (RealEstateRama) -- CBRE announced today the addition of two notable retail brokerage professionals, Roxanne Register and Lynette Green. The team will focus on providing landlord and tenant representation to retail property owners, clients and landlords throughout South Florida. They will be based in CBRE’s Boca Raton office.

LAW FIRM TAKES FULL FLOOR AT SARASOTA’S M&I BANK BUILDING

Sarasota, FL - October 31, 2011 - (RealEstateRama) -- The Sarasota-based law firm of Kirk-Pinkerton, P.A. signed a new lease at the M&I Bank Building in Sarasota for 10,104 square feet, comprising the full sixth floor. CBRE Associate Kimberly Rogers and Senior Associate Michael Fisher represented the landlord and building owner, iStar Financial in the new lease transaction. Ian Black of Ian Black Realty provided representation to Kirk-Pinkerton.

HILLMOOR VILLAGE APARTMENTS SOLD FOR $10.5 MILLION

Port St. Lucie,, FL – October 28, 2011 – Torchlight Investors sold Hillmoor Village Apartments to Finbay Pacific for $10.5 million. Torchlight acquired the property in December 2010 through a lender foreclosure. At that time, the property was 60% occupied. CBRE was engaged in early 2011 for strategic advice on marketing the asset. Per the recommendation of CBRE, Torchlight invested additional capital into the property and increased occupancy to 90%.

COLONIAL PLACE SEES 28,000 SF IN NEW LEASE ACTIVITY

Tampa, FL - October 28, 2011 - (RealEstateRama) -- Westshore continues to hold the position of Tampa Bay’s strongest submarket, with a 20 basis point improvement in vacancy rates during the third quarter and three sustained quarters of positive absorption. Contributing to the positive activity in this submarket was more than 28,000 SF in new leases signed at Colonial Place, located at 4350 West Cypress Street, just off I-275.

CBRE AND REBUILDING TOGETHER TEAM UP TO SUPPORT SOUTH FLORIDA HOMEOWNER IN NEED

Plantation, FL - October 26, 2011 - (RealEstateRama) -- CBRE Group, Inc. (CBRE) successfully partnered with Rebuilding Together of Broward County—an organization working to preserve affordable homeownership and revitalize neighborhoods—to a homeowner in need as part of CBRE’s “Get Out and Give Back” BuildMonth. During BuildMonth, more than 900 CBRE professionals from nearly 20 offices across the U.S. joined Rebuilding Together to assist with housing construction projects for the underprivileged and homeless.

TOWN PLAZA PURCHASED FOR $2.9 MILLION

St. Petersburg, FL - October 25, 2011 - (RealEstateRama) -- CBRE announced today the sale of Town Plaza, a 67,050-square-foot shopping center, to a locally based private investor for $2.9 million. The new ownership has plans to revive the neighborhood shopping center that had been neglected over the past several years

FLORIDA COMMERCIAL REAL ESTATE OUTLOOK REMAINS POSITIVE

- October 24, 2011 - (RealEstateRama) -- After suggestions of a ‘double-dip’ recession have subsided, third quarter statistics show Florida is still moving toward recovery, despite inconsistent trends. As reported in the State of Florida MarketView released by CBRE, the end of third quarter 2011 shows the following key findings

FLORIDA COMMERCIAL REAL ESTATE OUTLOOK REMAINS POSITIVE

Florida - October 21, 2011 - (RealEstateRama) -- After suggestions of a ‘double-dip’ recession have subsided, third quarter statistics show Florida is still moving toward recovery, despite inconsistent trends. As reported in the State of Florida MarketView released by CBRE, the end of third quarter 2011 shows the following key findings:

SPRING FOOTWEAR PURCHASES FORMER FURNITURE SHOWROOM FOR HEADQUARTERS EXPANSION AND RELOCATION

Pompano Beach, FL - October 17, 2011 - (RealEstateRama) -- Leveraging the conditions of the market favoring both tenants and buyers, Spring Holdings Realty, LLC recently purchased a 58,811-square-foot showroom to serve as the new headquarters for Spring Footwear. Visible from Interstate 95, the facility at 1001 West McNab Road was formerly occupied by City Furniture. The freestanding building was purchased for an undisclosed price in an all-cash transaction.

OFF-SHORE CAPITAL PURCHASES PRESCHOOL BUILDING FOR OVER $3 MILLION

Coconut Creek, FL - October 4, 2011 - (RealEstateRama) -- CBRE brokers Scott O’Donnell, Dominic Montazemi, Marty Busekrus and Miguel Alcivar arranged the sale disposition of a 28,039-square-foot preschool facility to an off-shore investment group operating as MG3 Pre School LLC, on behalf of seller, Bount Warehouse LC.

CBRE SELECTED TO LEASE CORPORATE PARK AT INVERRARY

Lauderhill, FL - September 28, 2011 - (RealEstateRama) -- CDM Property Investments (CDM) has appointed CB Richard Ellis (CBRE) as exclusive leasing advisor for Corporate Park at Inverrary, a 122,000-square-foot office property. Deborah Fink, a Vice President with CBRE in Boca Raton, is providing representation on behalf of CDM

VF IMAGEWEAR GROWS OPERATIONS IN TAMPA BAY

Tampa, FL – September 22, 2011 – VF Imagewear continues growing in Tampa Bay. The industry apparel company inked a new lease at Oak Creek I, taking the full 222,000-square-foot building. CB Richard Ellis brokers, Rick Narkiewicz and John Jenkins were the sole brokers in the transaction

CARROLLWOOD APARTMENT COMMUNITY SOLD FOR OVER $12,000,000

Tampa, FL - September 22, 2011 - (RealEstateRama) -- CB Richard Ellis announced today the sale of Swan Lake Apartments, a 244-unit rental community located in Tampa, to Toulon Capital Partners. CBRE brokers, John Selby and Jim Bobbitt provided representation to the seller

ST. PETERSBURG APARTMENT COMMUNITY PURCHASED FOR $640,000

St. Petersburg, FL - September 22, 2011 - (RealEstateRama) -- The CBRE Multi-Housing Group in Tampa announced today the sale of the 18-unit Queen Anne Apartments in St. Petersburg to Queen Anne I LLC for $640,000. CBRE Associate, Matthew Baldwin provided seller representation for sale of the bank-owned asset.

CBRE ORLANDO OFFICE PROMOTES TWO PROFESSIONALS

Orlando, FL - September 19, 2011 - (RealEstateRama) -- Christopher Sproles and James Mitchell recently achieved new titles at CB Richard Ellis (CBRE), reflecting quantifiable performance results within their service specialties. Sproles is a member of the Global Corporate Services team, focused on serving office occupiers and buyers. He has earned the title of Senior Vice President (formerly First Vice President) as a result of sustained high performance measures.

Popular Government & Nonprofit Press Releases

Colombia tops all Foreign Searches for Miami Real Estate

Colombia continues to lead all foreign countries searching for South Florida real estate, according to new data from the MIAMI Association of REALTORS® (MIAMI). The South American nation finished as the top international country using MIAMI’s search portal, www.Miamire.com, in May 2016. Colombia has now led the rankings for six consecutive months

Recent Government & Nonprofit Press Releases

Buchanan Slams “Nightmarish” Conditions at VA Nursing Homes

Congressman Vern Buchanan today demanded answers from the Department of Veteran Affairs after reports of deplorable conditions and neglect at VA nursing homes across the nation.