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4-Traders Homepage  >  Equities  >  Nyse  >  CBRE Group Inc    CBG

Delayed Quote. Delayed  - 01/20 10:01:06 pm
30.25 USD   --.--%
01/21 CBRE : West Palm building sells for $3.25 million
01/19 MILLENNIALS IN : What Do They Really Want?
01/17 CBRE : Residential rents decline further in Q4 2016
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CBRE : West Palm building sells for $3.25 million

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01/21/2017 | 02:39am CET

Jan. 20--A new West Palm Beach restaurant building featuring Tijuana Flats and Dunkin' Donuts has sold for $3.25 million, or $813 a square foot.

Lanzarote Investments bought the 4,000-square-foot property at 2087-2089 Palm Beach Lakes Blvd. from an affiliate of the developer, Ross Realty. CBRE Group said it arranged the sale.

The building, finished last year, is in front of the 107,000-square-foot City Furniture/Ashley Furniture center.

CBRE's Todd Weintraub said in a statement that the property drew strong interest for its long-term leases and location near Interstate 95.

"This is yet another prime example of the depth of demand for high quality, retail assets across South Florida," Weintraub said.

___

(c)2017 the Sun Sentinel (Fort Lauderdale, Fla.)

Visit the Sun Sentinel (Fort Lauderdale, Fla.) at www.sun-sentinel.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2016 13 148 M
EBIT 2016 944 M
Net income 2016 583 M
Debt 2016 2 791 M
Yield 2016 -
P/E ratio 2016 18,70
P/E ratio 2017 20,28
EV / Sales 2016 0,99x
EV / Sales 2017 0,78x
Capitalization 10 203 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 34,1 $
Spread / Average Target 13%
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Managers
NameTitle
Robert E. Sulentic President, Chief Executive Officer & Director
Raymond E. Wirta Independent Chairman
James R. Groch CFO & Global Director-Corporate Development
Chandra Dhandapani Chief Digital & Technology Officer
Bradford M. Freeman Independent Director
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