CBRE ARRANGES SALE OF HIGH-RISE DEVELOPMENT OPPORTUNITY ON BISCAYNE BAY

Fort Lauderdale, FL – May 14, 2013 – (RealEstateRama) — May 14, 2013 – CBRE arranged the sale of a two-acre waterfront development site on Biscayne Bay. The property known as Midtown Bay, at 475 NE 32nd Street and 3117 NE 7th Avenue in Miami, FL, was acquired by AXA Strategic Management for an undisclosed amount that included initial cash consideration of $20 million


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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

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Nadja Brandt
Corporate Communications, Pacific Southwest

+1 213 6133627

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