Save the date: RealShare L.A.comes to the Hyatt Regency Century Plaza in Los Angeles, CA on March 27, 2013
LOS ANGELES-CBRE Group Inc. has paid an undisclosed sum for a leading commercial real estate services firm based in Atlanta, adding more than 13 million square feet of office and industrial space to its Southeast Region's property-management portfolio.
The deal to acquire Resource Real Estate Partners LLC and TPA Realty Services LLC—commonly referred to as “RREP/TPA”—pushes its management portfolio in Georgia's largest city to about 40 million square feet and is a huge boost to CBRE's efforts to expand its management portfolio in the fast-growing northeast Atlanta market.
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