CB Richard Ellis Sells San Francisco Office Buildings for Cousins Properties & Myers Development Company; Transactions Valued at Over $285 Million.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- 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. ) today announced the sale of two downtown San Francisco office buildings on behalf of Cousins Properties, Inc. and Myers Development Company for an aggregate purchase price of over $285 million. The properties were located at 55 Second Street, a 379,330 sq. ft. office building, and 101 Second Street, a 387,866 sq. ft. office building. The buyer was Hines Interests, Ltd. The CB Richard Ellis team of Bob Gilley and Steve Hermann, along with Bill Walsh, Phil Tippett and Darin Bosch arranged the sale. About CB Richard Ellis Headquartered in Los Angeles, CB Richard Ellis (NYSE:CBG) is the world's leading commercial real estate services firm (in terms of 2003 revenue). The company serves real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. ; investment management; valuation and appraisal; research and investment strategy; and consulting. Including partners and affiliates, CB Richard Ellis has more than 300 offices across 50 countries around the world. Please visit our Web site at www.cbre.com. |
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