CBRE's $28m sale.The CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Tri-State Investment Team, led by Jeffrey R. Dunne, combined with Steve Bardsley, recently represented Norwell Land Company and Connecticut Avenue Realty, an entity associated with Purdue Pharma Purdue Pharma L.P., is privately-held pharmaceutical company founded by physicians. It is located in Stamford, Connecticut. Purdue is best known for painkillers, but they have also branched into other areas such as oncology and nutraceuticals. , in the sale of 71, 75, 80 and 100 Connecticut Avenue, which includes 10.98 acres and a 116,555 SF office building in Norwalk, CT for $28 million or $240.23 PSF (Print Services Facility) Software from IBM that performs the printer rasterization for IBM's AFP and other page description languages. PSF products are available for IBM mainframes, AS/400 and RS/6000 series and output the IPDS format for IBM printers. . Dunne and Bardsley were also responsible for procuring the buyer, Hall Investments, Ltd. The sale included the combination of 100 Connecticut Avenue, 80 Connecticut Avenue, an adjoining 0.76-acre site that is improved with landscaped surface parking, and 75 and 71 Connecticut Avenue, which are unimproved sites located across Route 1 that comprise a total of 1.22 acres. The property serves as Trilegiant's headquarters, who leases the building on a modified net lease through April 2014. Jeff Dunne Jeffrey "Jeff" Dunne born 14 May 1956 is a former Australian rules footballer. Played for St Kilda as a hard running back pocket, he was a solid defender and represented Victoria. Now a business man based in Tasmania with his wife and 4 children (3 sons, 1 daughter). had the following comments on the sale: "The opportunity for office expansion or potential retail development on this 10.98-acre site provides significant upside in the long-term, while Cendant's strong credit rating secures the cash flow until at least April of 2014." |
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