Press Releases
Investing

CBRE CAPITAL MARKETS ARRANGES $54 MILLION SALE OF MULTIFAMILY COMMUNITY IN CENTRAL FLORIDA

CBRE Capital Markets arranged the sale of The Park at Laurel Oaks, a 552-unit apartment community in Winter Springs, Florida, about 15 minutes outside of Orlando. The gated community, located at 1 Laurel Oaks Drive, was acquired from Laurel Oaks, LLV b…

NAI Capital completed the $14.5 million sale of Tustin Medical Arts Center

NAI Capital completed the $14.5 million sale of Tustin Medical Arts Center in Tustin, Calif., on behalf of Klingbeil Medical Partners. The seller was a real estate investment firm specializing in medical office reposition opportunities. Klingbeil purch…

RE/MAX Luxury Report on Metro Chicago Real Estate: $1 Million-Plus Residential Market Moved at Faster Pace in Jan.-March Quarter of 2015

Luxury homes sold at a faster pace during the first quarter of 2015, January through March, than they did a year earlier in the seven-county metropolitan Chicago real estate market. Transaction activity was 16 percent higher for the period, with luxury…

CBRE ARRANGES SALE OF LUXURY MULTIFAMILY COMMUNITY IN EAST ORLANDO

CBRE Capital Markets arranged the sale of Century Waterford Lakes, located at 12101 Fountainbrook Blvd., Orlando, FL. The 400-unit apartment community was completed in 2000 and has a current occupancy of 92%. CBRE exclusively represented the seller in …

Lerner Announces Capital One To Open 136,000 Square Foot Office In 1750 Tysons Boulevard At Tysons II

Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers based in Rockville, Maryland, is pleased to announce that Capital One has signed a lease for 136,000 square feet at 1750 Tysons Boulevard in The Corporate Office Centr…

California Investor Buys E. Phoenix Apartments For $5.8 Million

Santerra Apartments, a 128-unit multifamily complex at 3434 E. McDowell Rd., in Phoenix has sold to a California Investor for $5,807,500 or $45,371 per door. The sale closed, March 26th. Todd Braun, Principal at Lee & Associates negotiated the tra…

CBRE BROKERS $23,750,000 MILLION BOCA RATON TRANSACTION

CBRE arranged the sale of Glades Twin Plaza, a 98,312-square-foot boutique office property located in Palm Beach County’s prestigious Boca Raton submarket. L&B Realty Advisors of Dallas, Texas, acquired the asset at 2300 Glades Road in Boca Rato…

HALF OF INVESTORS IN NORTH AMERICA TO INCREASE REAL ESTATE ACQUISITIONS IN 2015

Half of all real estate investors in North America intend to increase their property acquisitions in 2015, with San Francisco the number one target for the second year in a row, according to the CBRE North America 2015 Investor Intentions Survey. For t…

The Boulder Group Arranges Sale of a New Construction Net Lease Hobby Lobby in North Carolina

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Hobby Lobby property located at 141 North Pointe Blvd in Statesville, NC for $6,649,500. The 55,000 square foot newly constructed Hobby Lobby…

PASSCO COMPANIES EXPANDS OPERATIONS WITH NEW OFFICE IN AUSTIN, TEXAS, AND ADDITION OF KEY INDUSTRY PLAYER

Passco Companies, LLC, a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S., has announced the opening of a new office in Austin, Texas, and the addition of …

CBRE TO MARKET DOUBLETREE BY HILTON AT THE “DOORSTEP” OF UNIVERSAL STUDIOS IN ORLANDO

CBRE Hotels has been engaged to market the DoubleTree by Hilton, a 742-guestroom hotel located in Orlando, Florida – the number one tourist destination in the United States. The well-established property, at 5780 Major Boulevard, is located directly …

The Boulder Group Arranges Net Leased Walgreens Transaction for $10.7 Million in the Chicago MSA

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a new construction single tenant triple net leased Walgreens property located at the southwest corner of 95th Street and Southwest Highway in Oak Lawn, Illinois for $1…

The Boulder Group Arranges Sale of Net Leased CVS Property Located in Mobile, Alabama

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant CVS property located at 2280 Martin Luther King Jr. Avenue in Mobile, AL for $3,856,462. The 10,195 square foot retail building is located on 2.15 acre…

Hanley Investment Group Negotiates Sale of Four Single-Tenant 7-Eleven Stores in Erie County, New York

Hanley Investment Group, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that Senior Vice President Jeremy McChesney negotiated the sale of four single-tenant absolute NNN …

CBRE TO REPRESENT TWO KIMCO-OWNED BROWARD COUNTY RETAIL CENTERS

CBRE has been engaged by Kimco as the exclusive leasing agent for two neighborhood retail centers in Broward County, Florida. CBRE retail professionals Lisa Ferrazza and Nicole Fontaine will represent Cypress Creek Station at 6201-6531 N. Andrews Ave….

Hunt Mortgage Group Refinances Two Multifamily Properties in Wisconsin

Hunt Mortgage Group, a commercial real estate lender, announced today that it has provided Fannie Mae loan facilities to refinance two properties located in Wisconsin. The properties include:

CONAM ACQUIRES VALUE-ADD MULTIFAMILY PROPERTY WITHIN DENVER’S LARGEST EMPLOYMENT CENTER

The ConAm Group (ConAm), has acquired PeakView Place, a 296-unit apartment community in the Denver, Colorado market. PeakView Place is in the City of Englewood, which is within the heart of Denver’s largest employment center, the 850-acre Denver Tech…

Lee & Associates Negotiates the Sale and Lease Back of Industrial Building in San Marcos

Lee & Associates-North San Diego County negotiated a $5.450 million sale and lease back of a 50,220-square-foot industrial building located at 495 Enterprise Street in San Marcos

MICHAEL WILLIAMS JOINS CBRE ASSET SERVICES AS DIRECTOR

CBRE Group, Inc. announced that Michael Williams has joined CBRE’s Asset Services group as Director, serving the Greater Tampa Bay market. In this role, Mr. Williams, most recently at Saylor Place Consulting, LLC, will lead CBRE’s asset services an…

J.C. Casillas Joins NAI Capital as Director of Research and Public Relations

NAI Capital, a member of the world’s premier managed network of commercial real estate firms, announced today that J.C. Casillas has joined NAI Capital as director of research and public relations for NAI Capital’s 14 offices in the Los Angeles, Or…