Saturday, January 17, 2009

CBRE Central Florida Multi-Housing Group Closes $171M in 2008 Sales


ORLANDO, FL-– The Orlando office of CB Richard Ellis is pleased to announce that its Central Florida Multi-Housing Group retained its position as the number one apartment brokerage team in Orlando in 2008 with more than $171 million in local sales.
(CBRE brokers Shelton Granada, top left photo. Luke Wickham, top right photo)

CBRE closed more than twice as many transactions in Central Florida as its nearest competitor for the second straight year.

The assets sold ranged from "value-add" opportunities built in the 1970s and 1980s to newer projects built within the last 10 to 15 years. CBRE also sold several "fractured" deals – communities that converted and sold units as condominiums, then reverted the remaining units back to rentals.

For further information, please contact the CB Richard Ellis Central Florida Multi-Housing Group at www.cbre.com/shelton.granade and www.cbre.com/luke.wickham

Contact: Angelique Greven 407.839.3158 angelique.greven@cbre.com

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