CB Richard Ellis acquires affiliate in Santiago, Chile.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. Group, Inc. announced the acquisition of CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) Chile, a leading commercial real estate services company in Santiago, Chile Santiago, officially Santiago de Chile (Spanish: (helpinfo)), is the capital of Chile, and the center of its largest conurbation (Greater Santiago). . CBRE Chile has been the market leader for many years and has been a CB Richard Ellis affiliate company since 2002. The Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center. Company operations in Chile, acquired in December 2006 with CB Richard Ellis' purchase of Trammell Crow Company, will be integrated into CBRE Chile to create the premier, full service provider in Chile. The new entity will combine CBRE Chile's strengths in brokerage and property management, with the comprehensive corporate outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. expertise of the Trammell Crow Company operations. The combined company will employ more than 120 professionals led by Carlos Antunez and Joaquin Lira, the former principals of CBRE Chile, with Gonzalo Vergara, former head of the Trammell Crow Company in Chile, serving as an integral member of the senior management team. The combined company will be responsible for the management of 19 million s/f of space, and sales and leasing activity totaling more than 26 million s/f on an annual basis. Blake Hutcheson, president of CB Richard Ellis Canada and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , said: "We foresee significant growth in Latin America and Chile is a key component in our strategy. "It has one of the most stable and growing economies in the region, and has proven to be a very pro-business environment in which to invest and grow with our clients." Antunez, managing director of CBRE Chile, said "We are very excited about our new status as a wholly owned operation of CB Richard Ellis. Being an integral part of the world's largest and most successful commercial real estate services company will better enable us to leverage a wealth of resources and the industry's most extensive suite of services in order to meet our clients' needs on a regional and global basis." |
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