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December 20, 2018

CBRE scores big Richland sale

CBRE said its Portland team of Phil Oester, Joe Nydahl and Josh McDonald sold a 94-unit apartment building in Richland for $17.75 million to an unnamed private investor. The seller was Evergreen Housing Development Group, and the deal was worth about $188,829 per unit. The one-year-old complex, called 575 Columbia, overlooks Columbia Pointe golf course. Oester said the Tri-Cities multifamily market is very strong.




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