CBRE Group, Inc., 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.
Tag: CBRE Group
CBRE Completes Sale of Apartment Property in Torrance California
CBRE announced the sale of an 11-unit multifamily community in Torrance, California for $4.81 million. Commenting on the transaction, Blackwell stated, “This was an exceptional...
CBRE Arranges $182M Sale of 294-Unit Multifamily Complex in Cambridge Massachusetts
CBRE announced the completion of the $182 million sale of Hanover North Cambridge, a 294-unit luxury apartment complex located adjacent to the MBTA Alewife Station in Cambridge, Massachusetts. Completed in 2022, the newly developed residential community was acquired by a fund advised by Goldman Sachs Asset Management from The Hanover Company and its institutional partner. Ideally located in the number one life sciences market in the world that is home to more than 32 million sq. ft. of office space, as well as renowned universities Harvard and MIT, Hanover North Cambridge boasts one of the market’s most impressive apartment and amenity packages. The recently completed property is LEED Gold Certified and boasts over 26,000 sq. ft. of indoor and outdoor amenity space including 7,067 sq. ft. of retail space housing a vibrant Caribbean inspired full-service restaurant. Additional amenities include a grand lobby with a reception area; meeting spaces and leasing offices; modern resident club room with an oversized screen; lounge seating and shuffleboard; a co-working lounge with banquette and communal seating; USB connectivity and private meeting space; and a 24-hour state-of-the-art fitness center featuring Echelon Reflect Touch Mirror & Smart Connect Bikes. Providing the perfect work/life balance, the brand-new apartment homes offer four different custom kitchen finishes and unrivaled amenities. In addition, the community is built over a podium offering two levels of covered garage parking. “Hanover North Cambridge is one of the premier residential properties in the heart of one of the country’s top biotech hubs in Cambridge,” said Mr. Butler. “The acquisition provided the buyer an opportunity to own a best-in-class building in the neighborhood, given its ideal location and exclusive lifestyle amenities as well as a tremendous upside in lease-up due to climbing rents in the area.” The CBRE Capital Markets team of Simon Butler, Biria St. John, John McLaughlin, and Brian Bowler led the transaction team in marketing the property and exclusively represented the seller in the negotiations.
CBRE Completes Two Apartment Sales in Anaheim California for $5.5M
CBRE announced the sale of two multifamily rental communities totaling 20 units for over $5.5 million in Anaheim, California to two separate buyers. In...
CBRE gives 2022 multifamily outlook
CBRE recently released its 2022 U.S. Real Estate Market Outlook report. It forecasts that 2022 will be a very good year for the multifamily...
CBRE arranges sale of 111-unit mixed-use multifamily community in Quincy, Massachusetts
CBRE announced that it has arranged the sale of The Residences at Munroe Place, a 111-unit apartment community with ground floor retail located at...
CBRE announces the sale of The Tannery in Glastonbury, Connecticut
CBRE announced the sale of The Tannery, a 250-unit Class A apartment community in Glastonbury, Connecticut. The CBRE team of Jeffrey Dunne, Simon Butler,...
CBRE arranges sale of 331-unit Seven Springs community in Burlington, Massachusetts
CBRE announced that it has arranged the sale of Seven Springs, a 331-unit luxury, garden-style apartment community located at 1 Seven Springs Lane in...
CBRE arranges sale of 220-unit luxury multifamily community in Hingham, MA for $139.25 million
CBRE announced that it has arranged the sale of The Cove, a 220-unit luxury, garden-style multifamily community located at 350 Beal Street in Hingham,...
CBRE sees positives for multifamily housing market
CBRE recently released its report on the state of the multifamily housing market in Q1 2021. It found that the market stabilized after a...
Mike Watts joins CBRE to lead investor leasing in Americas
CBRE announced that Mike Watts, a veteran of more than 25 years in commercial real estate, has joined the company as President, Investor Leasing...
International investment in multifamily property falls during 2020
A new report from CBRE found that both the absolute dollar value of foreign investment in multifamily properties as well as foreign investment’s share...
CBRE arranges sale of Timberwood Commons to affiliate of Audubon Capital Partners for $69.25...
CBRE announced that it has arranged the $69.25 million sale of Timberwood Commons, a 252-unit 100 percent market rate multifamily community located at 6...
CBRE arranges sale of Strata to affiliate of The Green Cities Company for $95.5...
CBRE announced that it has arranged the $95.5 million sale of Strata, a 295-unit 100 percent market-rate multifamily community located at 500 Broadway in...
CBRE arranges sale of Regency Place to affiliate of Harbor Group International
CBRE announced that it has arranged the sale of Regency Place, a 120-unit multifamily community located at 7000 Horseshoe Lane in Wilmington, MA. CBRE Capital...
CBRE arranges sale of Bell at Salem Station multifamily community to affiliate of Pacific...
CBRE announced that it has arranged the sale of Bell at Salem Station, a 266-unit, 100 percent market multifamily community located at 190 Bridge...
