CB Richard Ellis and BT Commercial in Discussions Regarding Merger.Business Editors LOS ANGELES--(BUSINESS WIRE)--April 9, 2003 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. and BT Commercial Real Estate announced today that the two companies are in discussions to merge their respective Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern brokerage operations. The combined entity would create the clear market leader with fourteen offices throughout Northern California. Pending a successful resolution of conditions required of such a transaction, both firms expect to conclude the deal in June 2003. At the close of this merger, Michael Kamm of BT Commercial and Michael Smith Michael or Mike Smith may refer to: Journalists
The San Francisco Bay Area, colloquially known as the Bay Area or The Bay will lead the combined operations For the department of the British War Office during World War II, see . In the military, combined operations are operations conducted by forces of two or more allied nations acting together for the accomplishment of a single mission. See also
About CB Richard Ellis 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. , CB Richard Ellis is one of the world's leading real estate services companies. With approximately 9500 employees, the Company serves real estate owners, investors and occupiers throughout approximately 250 owned and affiliated offices in 47 countries. The Company's core services portfolio includes property sales, leasing and management, corporate services, facilities and project management, mortgage banking, investment management, capital markets, appraisal and valuation, research, and consulting. The Company reported net revenues of $1.17 billion in 2002. For more information about CB Richard Ellis, visit the Company's Web site at www.cbre.com. About BT Commercial Real Estate With offices in Burlingame, Monterey, Oakland, Palo Alto, San Francisco, San Jose, Salinas Salinas, city, United States Salinas (səlē`nəs), city (1990 pop. 108,777), seat of Monterey co., W Calif.; inc. 1874. It is the shipping and processing center of a fertile valley famous for its grain and lettuce. , San Rafael and Soquel, BT Commercial Real Estate is one of the largest full-service brokerages in Northern California with over 150 agents. BT Commercial brokers sell, and lease for a range of clients including landlords, tenants, individuals and institutions. BT Commercial, through its division, Terranomics Retail Services, also operates the largest retail brokerage firm in Northern California. www.btcommercial.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion