Investors buy NJ industrial facility.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. (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) ) recently represented RREEF in the acquisition of a 238,779 s/f industrial building located at 112 Port Jersey Boulevard in Jersey City, New Jersey. CBRE first vice president Nicholas Nicholas, Russian grand duke Nicholas (Nikolai Nikolayevich) (nyĭkəlī` nyĭkəlī`əvĭch), 1856–1929, Russian grand duke and army officer; first cousin of Czar Alexander III and grandson of Czar Nitti, senior vice president William William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack Waxman, and senior associate Carrie Brown handled the transaction on behalf of both the buyer and seller. The CBRE team was also appointed exclusive leasing agent for the property. Situated in the Port market, 112 Port Jersey Boulevard is a warehouse, distribution, and assembly facility located in close proximity to New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . "This asset is an excellent value for RREEF within the active New Jersey port market," said Nitti. "As the dominant industrial brokerage platform in New Jersey, we are uniquely positioned to strategically advise investors such as RREEF in the marketplace." RREEF, a leading US based real estate investment manager, is a division of DB Real Estate, the real estate investment management group of Deutsche Asset Management. As of September 30, 2005 RREEF manages $28.6 billion in pension fund real estate investments for over 400 corporate, public and international clients. Its activities include private and public market equity investments ranging from core investments to higher return/higher risk holdings, including development. |
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