The Calabasas, CA-based commercial real estate investment firm reports the deal compliments its existing Canadian operations.

In the second quarter, multifamily pricing increased to an average of $164,000 per unit, compared to $100,000 per unit average in 2017.

“Green building certifications have become an important proxy for sustainable practices, recognized by all stakeholders,” says David Pogue, CBRE's senior vice president, global client care.

Los Angeles ranks second in the nation for buildings with green certifications and fourth for the square footage with green certifications.