Jeffrey Dunne earns CBRE's top global sales broker title

Real Estate Weekly,  March 5, 2008  

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Jeffrey R. Dunne was CB Richard Ellis' top-producing investment properties broker worldwide during 2007.

Dunne and his team, CB Richard Ellis' New York Tri-State Region Institutional Group, were responsible for $4.2 billion worth of transactions last year.

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"Jeff has built a terrific reputation due to his unmatched ability to unlock the highest and best value for real estate investors throughout the New York City suburbs," said Gregory S. Vorwaller, CBRE Investment Properties President.

"The volume of business he continues to generate is extraordinary."

"It's a testament to Jeff's consistent excellence that it's no surprise to see him at the top of our investment sales list," said Mitchell E. Rudin, president of CBRE's New York Tri-State Region. "He has consistently delivered unmatched market insight and premier transaction execution to produce superior results for our clients."

Dunne, vice chairman, New York Tri-State Region, arranged $4.2 billion worth of office, multi-family, retail and industrial property transactions in 2007, highlighted by the 1.5 million square-foot office portfolio sale of Fifth Street Towers in Minneapolis, MN and the RiverPark Office Complex in Norwalk, CT which were bought by an European investor for $294 million as part of 1031 Exchange.

Jeffrey Dunne and his team spearheaded, or were involved with, several other groundbreaking investment transactions throughout 2007 encompassing a wide range of clients and price points, including:

* The sale of the Kushner Apartment Portfolio, a 16,784 unit multi-family portfolio of properties located throughout New York, New Jersey and Pennsylvania that sold for $1.89 billion

* 55 Railroad Avenue, a 131,634 s/f office property located in Greenwich, CT that sold for $142.5 million or a record breaking $1,083 per square-foot

* Edgewater Commons, a 423,000 s/f retail property in Edgewater, NJ that sold for $134 million

* The Seaboard Portfolio, a 455,154 s/f office portfolio located in Stamford, CT that sold for $124 million

* The Verizon Portfolio which sold for $155 million.

* The RVI Portfolio, a 1.3 million square-foot office property portfolio with locations in Toledo, OH; Syracuse, NY; and El Paso, TX that sold for $102 million.

* The sale of Franklin Avenue Plaza, a 500,000 s/f office property located in Garden City, NY that sold for $98.7 million

* The Sale of State House Square, a historic 837,255 s/f mixed use office/retail complex located in downtown Hartford, CT that sold for a record-breaking $97.7 million

* The reeapitalization of Milford Crossing Shopping Center, a 374,920 s/f retail property located in Milford, CT for $98.5 million

The Baltimore CBD Portfolio, a 572,756 squarefoot office property portfolio located in Baltimore, MD that sold for $78.9 million

* The sale of 9W Office Center, a 215,274 s/f office property in Fort Lee, NJ that sold as part of a 1031 Exchange for $53 million.

COPYRIGHT 2008 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning