CBRE ARRANGES SALE OF HIGH-RISE DEVELOPMENT OPPORTUNITY ON BISCAYNE BAY

Fort Lauderdale, FL – May 14, 2013 – (RealEstateRama) — May 14, 2013 – CBRE arranged the sale of a two-acre waterfront development site on Biscayne Bay. The property known as Midtown Bay, at 475 NE 32nd Street and 3117 NE 7th Avenue in Miami, FL, was acquired by AXA Strategic Management for an undisclosed amount that included initial cash consideration of $20 million