CB Richard Ellis Ranks as Top Investment Sales Advisor for Four Consecutive Years.Business Editors & Real Estate Writers LOS ANGELES--(BUSINESS WIRE)--Feb. 28, 2000 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. (NYSE NYSE See: New York Stock Exchange :CBG CBG corticosteroid-binding globulin. ), the world's leading real estate services company, was named the top investment sales advisor for transactions valued at more than $10 million, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a February 14 survey by Real Estate Alert. This marks the fourth consecutive year the company has received this honor. The company's investment property sales transactions considered by the publication totaled more than $9 billion, up 16 percent from last year's $7.8 billion of transactions. The company's closest competitor was Insignia/ESG, which ranked number two with $3 billion worth of transactions. Additionally, CB Richard Ellis closed 342 transactions, 288 more than its closest competitor. The survey, conducted annually by Real Estate Alert, tracks the sale of individual commercial or apartment properties, or portfolios of such properties, valued at $10 million or more. "This is an extremely exciting achievement for us and is the result of the tremendous efforts of our 300 dedicated specialists, as well as our ability to meet our clients' needs with depth and breadth of our delivery platform and our ability to scale our services," said Greg Vorwaller, President, Investment Properties, CB Richard Ellis. "CB Richard Ellis' Investment Properties group is in a unique position to leverage the research and service capabilities of our global network, and at the same time, deliver local market expertise to meet every client demand." During 1999, the Investment Properties group handled more than 1,200 assignments 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. , with a aggregate value of more than $11 billion. Its multi-housing arm completed over $3.5 billion worth of transactions. CB Richard Ellis (NYSE:CBG) is the world's leading real estate services company. Headquartered 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. with 10,000 employees worldwide, the company serves real estate owners, investors and occupiers through over 230 principle offices in 36 countries. Services include property sales and leasing, property management, corporate services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. 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, visit the company's website at www.cbrichardellis.com |
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