CB Richard Ellis Represents Thomson Consumer Electronics in Sale-Leaseback of North American Headquarters in Indianapolis.Business Editors & Real Estate Writers LOS ANGELES--(BUSINESS WIRE)--April 13, 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, recently completed a sale-leaseback transaction on behalf of Thomson Consumer Electronics, a unit of THOMSON multimedia, to Bentley Forbes Group, a Los Angeles-based net-lease buyer. THOMSON multimedia is a world leader in consumer electronics, selling products under the RCA See RCA connector and video/TV history. , THOMSON, GE and PROSCAN brands. The sale included two buildings totaling 550,000 square feet at 10330 North Meridian St. in Indianapolis. As part of the transaction, Thomson Consumer Electronics, which currently occupies the property, has leased back the office and R&D facility from Bentley Forbes Group and will continue to house its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters at that location. "This transaction made a lot of sense for us," said Rip Dyer, General Manager, Corporate Facilities and Real Estate for THOMSON multimedia. "Real estate is a non-performing asset for our company. With the sale-leaseback, we are able to generate cash flow and reinvest those funds in new business start-ups and on-going development of our technologies and people." CB Richard Ellis sales professionals John Merrill and Andrew Banister from the company's Indianapolis office represented Thomson Consumer Electronics in the sale-leaseback, along with Dino Picinni out of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office. The transaction is the result of a cross-border referral from CB Richard Ellis' Paris office and highlights the service integration capabilities of the company. "One of the advantages of having a global service delivery platform is the fact that all of our offices and sales professionals work together to fulfill each client's needs," said Merrill. "This transaction is an excellent example of how we can service our clients from anywhere in the world." CB Richard Ellis is the world's leading real estate services company. With 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. and 10,000 employees worldwide, the company serves real estate owners, investors and occupiers through nearly 250 principal 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 about CB Richard Ellis, visit the company's Web site at www.cbrichardellis.com. |
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