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The fund exceeded its target size of $1.5 billion.

The new company will focus on investment brokerage and capital placement.

Thurman will be responsible for overseeing CBRE's underwriting and loan production teams nationwide

The partner is an unnamed sovereign wealth fund.

The REIT gets kudos for closing the deal in a challenging capital markets environment.

There is substantial office space available for new tenants.

Target markets include the major ports and key logistics nodes.

Framework @ Block 10 will be Houston's first mass timber office, according to the developer.