Tuesday, October 23, 2012

CBRE Sells Orange Multifamily Towers For Record $102,000 Per Unit




National





CBRE Sells Orange Multifamily Towers For Record $102,000 Per Unit



ORANGE, NJ-After several years on the market with a firm asking price of $11 million, the 108-unit South Orange Towers here was quickly sold by CBRE to an out-of-state buyer for that price, the two brokers involved tell GlobeSt.com exclusively.









California





Bixby Pays $29M for Tech Park



SAN JOSE-The firm plans to invest an additional $23 million in repositioning and rebranding the property.









Traditional MOB is Becoming Obsolete



LOS ANGELES-Healthcare reform is leading to hospital outposts that are patient-centric, and medical practices that utilize office time-sharing to reduce costs.






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