Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

Delayed Quote. Delayed  - 08/26 10:01:36 pm
29.63 USD   +0.89%
08/27 UNIZO : Norfolk firm sells CNN building in Washington, D.C. for $140..
08/26 CBRE : This is why your favorite Miami restaurants are closing
08/25 CBRE : Qatar’s retail market remains stable
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Unizo : Norfolk firm sells CNN building in Washington, D.C. for $140.5 million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/27/2016 | 03:27am CEST

Aug. 26--NORFOLK

Harbor Group International has sold the home of CNN's Washington bureau for $140.5 million.

The Norfolk-based real estate investment firm, with investors Capstone Equities and Image Capital, bought the office building at 820 First St., N.E., nearly four years ago for $107 million.

On Friday, Harbor Group said it sold the building to Japanese real estate investment firm Unizo Holdings Co. Ltd., which started buying up U.S. office buildings in 2013, beginning in Manhattan and most recently in Washington.

As of the end of March, Unizo owned six office buildings in the United States, in addition to 73 buildings in Japan.

A July research report from real estate brokerage firm CBRE Group in Washington said foreign investors represented 60 percent of all office building purchases in the first half of the year.

"D.C. has always been a mecca for foreign investment," said Revathi Greenwood, CBRE's director of research. She said the District ranked just behind Manhattan last year and the vast majority of the foreign buyers in the first half of the year were institutional investors looking to hold onto assets for longer periods of time because the region is a "stable gateway market."

Harbor Group spokesman Sid Bridge said CNN would remain a tenant in the building, which was 96 percent leased. Other tenants include professional services firm Accenture and the U.S. government.

In a statement, Harbor Group President T. Richard Litton Jr. said the firm had capitalized on a strong Washington office market and was "pleased with the timing of our exit."

The 11-story office building, built in 1990, sits just north of Union Station.

___

(c)2016 The Virginian-Pilot (Norfolk, Va.)

Visit The Virginian-Pilot (Norfolk, Va.) at pilotonline.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CBRE GROUP INC
08/27 UNIZO : Norfolk firm sells CNN building in Washington, D.C. for $140.5 million
08/26 CBRE : This is why your favorite Miami restaurants are closing
08/25 CBRE : Qatar’s retail market remains stable
08/25 CBRE : Retail market in Qatar remains stable
08/24 CBRE : Qatar retail rentals remain stable in H1
08/23 CBRE : Space jammed
08/23 CBRE : Ecomm companies box up realty plans
08/22 CBRE : Round One Entertainment Selects CBRE Group, Inc. to Search New Locations ..
08/22 CBRE : Charlottesville building on Preston Avenue sells for $2.7 million
08/20 CBRE : Gulf investors maintain interest in Turkish property despite turmoil
More news
Sector news : Real Estate Services - NEC
08/23DJZILLOW : U.S. New Home Sales Rise to Highest Level Since 2007
08/08DJNews Corp Reports Profit on Book, Real Estate Growth
08/04DJZILLOW : Reports 20% User Growth but Legal Expenses Push Loss Wider
07/12DJCorrection to Mall Owners Article
07/11DJMalls Push Out Department Stores -- WSJ
More sector news : Real Estate Services - NEC
News from SeekingAlpha
08/25 BUBBLE DEFLATES : CRE transaction volumes down
08/22 Tracking Jeffrey Ubben's ValueAct Portfolio - Q2 2016 Update
08/17 REPORT : Blackstone about to add to NYC multifamily bet
08/09 INSIDERINSIGHTS.COM DAILY ROUND UP 8 : CB Richard Ellis Group, First Solar, Stea..
08/08 VALUATION DASHBOARD : Financials - Update
Advertisement
Financials ($)
Sales 2016 13 345 M
EBIT 2016 1 012 M
Net income 2016 626 M
Debt 2016 2 107 M
Yield 2016 -
P/E ratio 2016 15,72
P/E ratio 2017 13,77
EV / Sales 2016 0,90x
EV / Sales 2017 0,77x
Capitalization 9 944 M
More Financials
Chart CBRE GROUP INC
Duration : Period :
CBRE Group Inc Technical Analysis Chart | CBG | US12504L1098 | 4-Traders
Full-screen chart
Technical analysis trends CBRE GROUP INC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 34,8 $
Spread / Average Target 18%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert E. Sulentic President, Chief Executive Officer & Director
Raymond E. Wirta Independent Chairman
James R. Groch CFO & Global Director-Corporate Development
Mandy Edwards Chief Information Officer
Bradford M. Freeman Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CBRE GROUP INC-14.31%9 944
COSTAR GROUP INC0.61%6 780
ZILLOW GROUP INC31.07%6 093
REA GROUP LIMITED6.01%5 815
JONES LANG LASALLE INC-27.31%5 250
SHENZHEN WORLDUNION PR..--.--%2 585
More Results