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CB Richard Ellis to celebrate its anniversary year.


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. marks its 100th anniversary this year, commemorating com·mem·o·rate  
tr.v. com·mem·o·rat·ed, com·mem·o·rat·ing, com·mem·o·rates
1. To honor the memory of with a ceremony. See Synonyms at observe.

2. To serve as a memorial to.
 the origins and notable past of a company that was founded shortly after the 1906 San Francisco earthquake San Francisco earthquake

disaster claiming many lives and most of city (1906). [Am. Hist.: Jameson, 443–444]

See : Disaster
.

"CB Richard Ellis has a long history, made rich by the contributions and successes of some of the real estate industry's premier professionals," said Brett White Brett White (born April 8 1982 in Cooma, New South Wales) is an Australian professional rugby league footballer. He plays for the Melbourne Storm in the National Rugby League. , the company's president and chief executive officer.

"Every one of our 17,000 men and women carries forward a proud tradition of excellence in client service."

The firm that is now CB Richard Ellis traces its roots to 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  in 1906. Months after the massive earthquake, 23-year-pld Colbert Coldwell founded a real estate company based on what was, at the time, a revolutionary philosophy: put integrity, ethics and the client's best interest above all.

By the 1940s, the firm had grown to be one of the largest in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River
West

Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century
.

By the 1970s, it had gained national prominence following expansions in its services portfolio and geographic coverage.

In 1989, employees and third-party investors acquired the company's commercial operations and formed CB Commercial.

During the mid-1990s, the firm made several strategic acquisitions, culminating with the 1998 acquisition of REI Limited--the holding company for all Richard Ellis There are several prominent people named Richard Ellis, including
  • Richard A. Ellis (scientist and engineer), research engineer
  • Richard Ellis (astronomer), Caltech professor and director of Palomar Observatory.
 operations outside the United Kingdom.

The company name was changed to CB Richard Ellis.

In 2003, CB Richard Ellis acquired Insignia Financial Group, bringing together two of the world's most influential real estate companies to set a new benchmark for commercial real estate services.

The company enjoyed two more milestones in the next two years: an initial public offering in 2004 and becoming the first real estate services company to merit inclusion in the FORTUNE 1000 in 2005.

"The past decade has been an exciting time for us, particularly following our series of strategic acquisitions that brought the 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) 
 brand into new global markets and enhanced our existing range of services," said White.

"Looking ahead, we are well positioned to meet the increasingly complex and multi-faceted needs of all our clients, from emerging growth companies to multi-national giants."

CB Richard Ellis will commemorate its 100th anniversary throughout the year with special activities, including its annual World Conference to be held in San Francisco in September, anniversary-themed communications, special client events in major markets and a commissioned book on the company's service, vision and leadership over the past century.
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:TRANSCRIPTS
Publication:Real Estate Weekly
Article Type:Company Profile
Date:Feb 8, 2006
Words:392
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