CB Richard Ellis Group, Inc. Selected Exclusive Provider of Comprehensive Real Estate Services for Nissan NA.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. -- 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. (NYSE NYSE See: New York Stock Exchange :CBG CBG corticosteroid-binding globulin. ) today announced that Nissan North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Inc. (NNA NNA National Notary Association (Chatsworth, California) NNA National Newspaper Association NNA Nissan North America Inc. NNA National News Agency (Lebanon) NNA Nebraska Nurses Association ) has selected the firm as the exclusive real estate services provider for its non-manufacturing facilities across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . CB Richard Ellis will provide transaction management, portfolio administration and project management for 31 properties totaling 4.2 million square feet of regional sales and marketing offices, call centers, parts distribution facilities and service training centers throughout the United States. The initial phase of the assignment also includes facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. for five of these locations totaling 1.5 million square feet and NNA's soon-to-be-completed 450,000 square foot headquarters facility in Franklin, Tennessee. For the past eight years, CB Richard Ellis has provided brokerage and portfolio administration services to Nissan North America, primarily in Southern California, including the sale of NNA's Los Angeles-based corporate headquarters facility. NNA relocated to Tennessee in 2006. Under a new five-year contract, CB Richard Ellis' services have now been expanded to include facilities and project management services. Nigel Poland, a Managing Director with CB Richard Ellis, said, "We have been privileged to serve Nissan North America for more than eight years and are excited about this expanded commitment to our relationship. We are looking forward to providing them with the benefits of our integrated services across their non-manufacturing portfolio." The relationship is led by a CB Richard Ellis team that includes Mr. Poland; Vince Dunavant, newly named Alliance Director for the account; and many other CB Richard Ellis professionals in major U.S. markets and Japan. For more information on Nissan North America see www.nissanusa.com About CB Richard Ellis CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices). 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. In 2007, BusinessWeek named CB Richard Ellis one of the 50 "best in class" companies across all industries. Please visit our Web site at www.cbre.com. |
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