CB Richard Ellis Group, Inc. Completes $79M Sale of Crossroads Marketplace in Chino Hills, CA.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Group, Inc. (CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) ) today announced the completion of a $79 million disposition of the Crossroads Marketplace in Chino Chino (chē`nō), city (1990 pop. 59,682), San Bernardino co., S Calif.; founded 1887, inc. 1910. It is the business and processing center of a diversified farming (notably dairying) area. Hills, Calif. Philip D. Voorhees, Todd Goodman and Kirk Brummer of CBRE's National Retail Investment Group - West, arranged the transaction on behalf of the undisclosed seller. The buyer was SKT SKT Socket SKT Sanskrit SKT South Korea Telecom SKT Specialty Knowledge Test (USAF) SKT Sigaret Kretek Tangan (Indonesian: Hand-Rolled Cigarettes) SKT Small Kill Team (US DoD) Investments, which assumed the seller's CMBS CMBS See: Commercial Mortgage Backed Securities loan on the property. "This sale demonstrates CBRE's ability to reach 'one-of-a-kind' private buyers that are intermittently in the market. Database-driven, cooperative marketing uncovered a broker representing a foreign investor with an immediate requirement for a large, high quality center. Compared with portfolio sales, selling properties individually continues to yield the highest pricing and greatest surety of closing for sellers," said Mr. Voorhees. Located at the southwest corner of Peyton Drive and the 71 Freeway, the Crossroads Marketplace is a 539,270 square foot retail center that includes a first tier anchor and shop tenant mix, including PetSmart, Best Buy, Bed Bath & Beyond, Steinmart, Sport Chalet and CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Pharmacy. About CB Richard Ellis CB Richard Ellis Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 "best in class" company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com. |
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