CB Richard Ellis Strategic Partners Fund Closes Two Investment Acquisitions Totaling $100 Million.Business Editors LOS ANGELES--(BUSINESS WIRE)--April 10, 2000 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 Residential Tower and 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. Industrial Complex Are Fund's Initial Properties 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. Strategic Partners, L.P., an investment program sponsored by $8.5 billion investment manager CB Richard Ellis Investors, L.L.C., closed on two investments totaling approximately $100 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. Vance Maddocks, President of the general partner. The first investment is in Bridgeview Towers, an $85 million luxury apartment/condominium development project located in the south-of-Market area of San Francisco. The second is an approximately $15 million state-of-the-art industrial complex located in Los Angeles. Strategic Partners has also committed an additional $80 million to other value-added investments, bringing commitments to date to 35 percent of Strategic Partners' initial $500 million capitalization. CB Richard Ellis Strategic Partners, L.P. is a value-added partnership with initial capitalization of $500 million, including the equity commitments of 10 U.S. and international institutions, CB Richard Ellis Investors, L.L.C and the investment team. CB Richard Ellis Strategic Partners, L.P. is sponsored by CB Richard Ellis Investors, L.L.C., a Los Angeles-based real estate investment management firm with over $8.5 billion of assets in the US, Europe and Asia. CB Richard Ellis Investors, L.L.C. is positioned at the center of the world's leading real estate services organization, CB Richard Ellis (NYSE NYSE See: New York Stock Exchange :CBG CBG corticosteroid-binding globulin. ), and harnesses the research, investment sourcing, and other resources of the CB Richard Ellis platform for the benefit of its investor clients and partners. 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 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 website at www.cbrichardellis.com. |
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