CBRE sets apartment record.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. announced it has completed the sale of The Park Lane apartments on Nob Hill Noun 1. Nob Hill - a fashionable neighborhood in San Francisco San Francisco - a port in western California near the Golden Gate that is one of the major industrial and transportation centers; it has one of the world's finest harbors; site of the Golden Gate Bridge for $38,000,000--an unprecedented price of nearly $1.2 million per unit. One of the most prestigious addresses in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden since it was built in 1925, the 11-story high-rise sits atop Nob Hill at 1100 Sacramento Street and features 33 units over two levels of parking. The Park Lane has been home to many of San Francisco's most famous citizens CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) was exclusively retained by the seller. "The sellers were pleased with the global marketing effort employed for this one-of-a-kind asset," said CBRE San Francisco First Vice President Bill Huberty, who led the marketing program with Associate Matthew Holmes Matthew Holmes (born in Paisley in 1844 and died in Lenzie on 3 July 1903) was Chief Mechanical Engineer of the North British Railway from 1882 to 1903. External links
The deal represents a unique arrangement where CBRE did not utilize an asking price as part of the marketing assignment. The buyer closed on time and on the terms and conditions originally agreed to when the transaction went into contract. |
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