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CBRE Facilitates $25.9M Santa Monica Multifamily Transaction

July 29, 2026 · by Real Estate Presswire Pipeline

CBRE Facilitates $25.9M Santa Monica Multifamily Transaction

CBRE Group, Inc. has brokered the sale of a multifamily property situated on Ocean Avenue in Santa Monica, California, for a final price of $25.9 million. The commercial real estate services firm acted as the arranger in the deal, facilitating the transfer of the asset in one of Los Angeles County’s prime coastal markets.

Santa Monica remains a high-demand submarket for multifamily investments due to its proximity to the beach and limited housing supply. Transactions in this area often draw significant attention from institutional investors seeking stable assets in premium locations. While specific details regarding the buyer and seller were not disclosed in the transaction report, the $25.9 million valuation underscores the continued liquidity for well-located rental properties in Southern California.

This deal highlights the ongoing activity within the brokerage segment of the real estate sector. As a global leader in real estate services, CBRE maintains a substantial footprint in facilitating investment sales across major U.S. markets.

Currently, CBRE Group, Inc. is trading on the market at $147.05, reflecting a decrease of 1.57% from the previous close of $149.39. The company holds a market capitalization of approximately $40.84 billion and operates within the Real Estate Services industry.

Source: original release

What to watch

  • Future transaction volume in the Los Angeles multifamily market.
  • CBRE’s upcoming quarterly earnings report for brokerage revenue figures.

Stocks in this story

CBRE Group, Inc.CBRE
$146.81
-2.03%