Eastbanc Sells 93-unit apartments above West End Library For $79M ($851,613/unit) to CBRE IM, MEAG JV

9/27/2024

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Bisnow

• Subcategory: MF: Market Rate

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: MF: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: CBRE Investment Management (CBRE IM), CBRE Group (NYSE: CBRE)

Eastbanc has sold the 93-unit apartment and retail components of Westlight, a mixed-use building that also includes high-end condos where Kamala Harris lived before becoming vice president.

MEAG, German insurance company Munich Re’s asset manager, acquired the property at 1110 23rd St. NW, CBRE Investment Management announced Friday. It said the acquisition was made “in cooperation” with CBRE IM.