CBRE Multi-Housing Private Capital Group Negotiates Sale of Property in Metropolitan Phoenix

Phoenix – Sept. 9, 2013 – CBRE has negotiated the following multi-family sales transaction:

  • ALDA 2011, LLC of Paradise Valley, Ariz., has purchased Pierson Place Apartments, a 28-unit multi-family property located at 365 W. Pierson St. in Phoenix, Ariz.  Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the buyer and the seller, LSREF2 APEX (AZ) LLC of Dallas, Texas, in negotiating the $1 million sales transaction.    

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue).  The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at