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October 25, 2011

CBRE buys loans for Smith Tower

By MARC STILES
Journal Staff Reporter

CBRE Capital Partners bought the non-performing notes secured by the mostly vacant Smith Tower and a smaller building next door, according to Holiday Fenoglio Fowler, the firm that arranged the sale.

Officials of CBRE and HFF declined to discuss what the deal means for the 263,800-square-foot Smith Tower, which was only 20 percent occupied at the time the notes were sold.


 
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