CB Richard Ellis Investors Closes $324 Million Strategic Partners Fund.Business Editors LOS ANGELES--(BUSINESS WIRE)--Oct. 9, 2000 Robert Zerbst, President of 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. Investors, L.L.C., announced the second and final closing of CB Richard Ellis Strategic Partners, L.P., a value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. investment partnership. Los Angeles-based CB Richard Ellis Investors is the $9.8 billion investment management unit of global real estate services firm CB Richard Ellis (NYSE NYSE See: New York Stock Exchange :CBG CBG corticosteroid-binding globulin. ). "Market response has been very favorable. Equity commitments totaled $324 million from 16 U.S. and international investors, including ten investor clients that are new to CB Richard Ellis Investors," said Vance Maddocks, President of the Fund's General Partner. The fund invests directly in repositioning, re-leasing and development opportunities involving institutional quality properties in 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. . According to Maddocks, the investment team has closed and committed to investments totaling nearly $500 million, or approximately 70% of the fund's total capitalization Total capitalization The total long-term debt and all types of equity of a company that constitutes its capital structure. total capitalization See capitalization. of $720 million. The fund has investments in a diverse set of property types and markets, including cities such as Los Angeles, San Francisco and Chicago. About CB Richard Ellis Investors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control : CB Richard Ellis Investors is a Los Angeles-based real estate investment management firm with $9.8 billion of assets in the U.S., Europe and Asia. CB Richard Ellis Investors is positioned at the center of the world's leading real estate services organization, CB Richard Ellis (NYSE:CBG), and harnesses the research, investment sourcing, and other resources of the CB Richard Ellis platform for the benefit of its investor clients and partners. About CB Richard Ellis: CB Richard Ellis (NYSE:CBG) is the world's leading real estate services company. Headquartered in Los Angeles with 10,000 employees worldwide, the company serves real estate owners, investors and occupiers through 250 principal offices in 36 countries. Services include property sales and leasing, property management, corporate services and facilities management, mortgage banking, investment management, capital markets, appraisal/valuation, research and consulting. CB Richard Ellis had 1999 revenues of $1.2 billion. For more information about CB Richard Ellis, visit the company's website at www.cbrichardellis.com. |
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