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August 14, 2019  

Garages Shopped in Seattle, Chicago

A Barings partnership is separately marketing two garages in Seattle and Chicago that have a combined value of roughly $90 million.In Seattle, the 526-space Sixth Avenue Garage is expected to attract bids of $45 million to $50 million, which would put the capitalization rate in the vicinity of 5%. Newmark has that listing. Meanwhile, CBRE is running the marketing campaign for the 1,154-space River East Center Garage in Chicago. Its roughly $42...

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