CB Commercial Partners establishes links with nine firms in 10 U.S. cities.LOS ANGELES--(BUSINESS WIRE)--Feb. 27, 1997-- Announces Nationwide Expansion Plan to Enter Up to 75 New Markets CB Commercial Partners Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CB Commercial Real Estate Group Inc., America's leading commercial real estate services company, today announced the successful completion of partnership agreements with nine prominent commercial real estate services firms doing business in 10 cities located throughout the U.S. Established in June 1996, CB Commercial Partners' charter is to fortify for·ti·fy v. for·ti·fied, for·ti·fy·ing, for·ti·fies v.tr. To make strong, as: a. To strengthen and secure (a position) with fortifications. b. To reinforce by adding material. CB Commercial's domestic market presence, increase market share and business opportunities, and allow the company to respond even better to clients' needs. Partners' growth plan outlines approximately 75 strategically targeted locations for expansion, which will nearly double the parent company's U.S. service locations over the next few years. CB Commercial Partners assumes an equity interest in each participating Partner firm. The agreement entitles participants to use CB Commercial's name, the company's extensive international network, information technology resources and professional education programs. Partner firms continue to direct their internal management structure and day-to-day operations. Current Partner firms include: -- CB Commercial/Arnheim & Neely, Pittsburgh, PA; -- CB Commercial/Comvest Real Estate Services, Buffalo, NY; -- CB Commercial/Ogburn, Columbia, SC; -- CB Commercial/Carmody Co., Charleston, SC; -- CB Commercial/Hubbell Commercial, Des Moines Des Moines, city, United States Des Moines (dĭ moin`), city (1990 pop. 193,187), state capital and seat of Polk co., S central Iowa, at the junction of the Des Moines and Raccoon rivers; inc. , IA; -- CB Commercial/Nicklies & Co., Louisville, KY; -- CB Commercial/Interstate Realty Corp., Memphis, TN; -- CB Commercial/Upstate Partners of Rochester, Rochester, NY; and -- The Polacheck Co., A CB Commercial Partner, Milwaukee and Madison, WI. Leading the new subsidiary from the group's headquarters in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. is Mark R. Donahue, senior executive vice president and chief executive officer. James J. Didion, chief executive officer, CB Commercial Real Estate Group, is chairman of CB Commercial Partners. Commenting on the new entity, Didion remarked, "CB Commercial Partners is responding to growing client demand for consistent, high-quality commercial real estate services in multiple markets. And, inasmuch as in·as·much as conj. 1. Because of the fact that; since. 2. To the extent that; insofar as. inasmuch as conj 1. since; because 2. each new Partner firm will have strong core brokerage services capabilities, we are fortifying and perpetuating CB Commercial's longstanding commitment to this key discipline." CB Commercial (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CBCJ CBCJ Catholic Bishops Conference of Japan ) is America's leading and largest vertically integrated commercial real estate services company. With more than 4,000 employees and global strategic alliances, the company serves commercial real estate users, owners and investors in over 200 cities in 33 countries. Services include brokerage, investment properties, corporate and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , property management, mortgage banking, investment management, institutional advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , appraisal and property tax services and real estate market research. CONTACT: CB Commercial Partners Cary A. Brazeman 213/613-3227 |
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