News Releases,Real Estate

Broe Real Estate Group sells Dallas retail property for $19.5 million

Broe Real Estate Group (“Broe”), a leading investment manager of commercial real estate assets affiliated with The Broe Group, has completed the sale of a retail property located in Dallas at 2800 Forest Lane, for $19.5 million. The 163,545 square foot building is leased to Home Depot on a triple-net basis, under a long-term lease.

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News Releases,Real Estate

Peter Albro joins Broe Real Estate Group as a Vice President

Broe Real Estate Group (BREG), a leading investment manager of commercial real estate assets affiliated with The Broe Group, has announced that Peter Albro has joined the firm as a Vice President. In his new position, he will be responsible for the oversight of a portfolio of existing real estate investments and exploring growth opportunities. He will also join the Management Committee of BREG.

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News Releases,Real Estate

Broe Real Estate Group closes on acquisition of Oceanview Village Shopping Center in San Francisco

Broe Real Estate Group (“Broe”), a leading investment manager of commercial real estate assets affiliated with The Broe Group, has acquired Oceanview Village Shopping Center in San Francisco, California, for $30.6 million. Citivest Commercial (“Citivest”), a real estate operating company specializing in value-add retail investments, will serve as the operating partner.

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News Releases,Real Estate

Broe Real Estate Group Updates Leadership Team for Growth

Broe Real Estate Group, an affiliate of The Broe Group, announced two additions to its leadership team to augment the company’s asset management, development and construction capabilities. Walter Armer joins as Vice President, Development and Portfolio Management with responsibilities for the Broe Real Estate Group multi-family portfolio including the building and marketing of Country Club Towers II. Andy Poremba joins as Vice President, Construction, and will support Armer in the development of Country Club Towers II.

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News Releases,Real Estate

Shady Grove Fertility Leases 50,000 Sq Ft At Shady Grove Medical Pavilion In Rockville, Md

Broe Real Estate Group (“Broe”), an affiliate of The Broe Group, has announced a 15-year lease with Shady Grove Fertility for 50,000 square feet at the Shady Grove Medical Pavilion in Rockville, MD. Located at 9601 Blackwell Road, the 122,000 square foot Class A building is situated in the heart of the Shady Grove Life Sciences Center and within walking distance of both the Shady Grove Adventist Hospital and Johns Hopkins’ Montgomery County campus.

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News Releases,Real Estate

Broe Real Estate Group Breaks Ground on Country Club Towers II

Broe Real Estate Group, an affiliate of The Broe Group, has started construction on a major, residential apartment building project that will employ up to 1,000 construction workers and provide high-quality housing with innovative design in a supply-constrained market. Denver’s newest landmark apartment building, the twin 31-story Country Club Towers II, will be located in the West Wash Park neighborhood near the intersection of South Downing Street and East Bayaud Avenue. The first units will be available to renters in mid-2017.

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News Releases,Real Estate

Douglas Wells Joins Broe Real Estate Group as CEO

Broe Real Estate Group, a leading investor and manager of commercial real estate across the US, today announced that Douglas Wells is joining the company as CEO, effective immediately. In his new role, Wells leads all operational, investment and capital market activities for Broe Real Estate Group and its affiliates.

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News Releases,Real Estate

Broe Real Estate Group Affiliate Recapitalizes Office Complex Near Milwaukee

Broe Real Estate Group, a leading investor and operator of commercial real estate assets across the US, is recapitalizing the One Riverwood Place & Two Riverwood Place offices in Pewaukee, WI, under a managed affiliate. The two office buildings, which were constructed in 1999 and 2001, and total 197,000 square feet of Class A space, are now 72% leased.

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