CBRE acquires Hawaiian affiliate.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. has acquired 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) Hawaii, its longtime long·time adj. Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit. longtime Adjective affiliate office. CBRE Hawaii is the leading full-service commercial real estate services company in Hawaii. It was responsible for more than 440 lease and sales transactions valued at nearly $450 million in 2005 and manages almost 8 million square feet of commercial space. CBRE Hawaii employs a staff of 111 people in four primary offices: Honolulu, Kauai, Maui and Hawaii (Big Island). Its spectrum of services includes office, retail and industrial leasing, investment property sales and property management. CBRE Hawaii is responsible for leasing more than 30% of the Class A office buildings in downtown Honolulu Downtown Honolulu is the current and historic central part of Honolulu—bounded by Nuʻuanu Stream to the west, Ward Avenue to the east, Vineyard Boulevard to the north, and Honolulu Harbor to the and participates in some of the Island's largest asset sales, such as the Ilikai Hotel for $218 million and the Marriott-Waikiki Beach Hotel for $123 million. The acquisition reflects CB Richard Ellis' strategy of purchasing affiliate companies in order to extend the Company's presence in key markets across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and around the world. CBRE Hawaii has been a CB Richard Ellis affiliate since 2000. "CBRE Hawaii is a perfect cultural and strategic fit for us," said William Chillingworth William Chillingworth (October 12, 1602 – January 30, 1644) was a controversial English churchman. He was born at Oxford. In June 1618 he became a scholar of Trinity College, Oxford, of which he was made a fellow in June 1628. , president of the Western Division for CB Richard Ellis. "We have benefited from a close collaboration with the senior leadership over many years. They share our values, vision and commitment to putting the client first, always. "We see significant growth opportunities in Hawaii and the Pacific islands by more fully integrating the operation into our global platform, and we are particularly looking forward to aligning a·lign v. a·ligned, a·lign·ing, a·ligns v.tr. 1. To arrange in a line or so as to be parallel: align the tops of a row of pictures; aligned the car with the curb. the local hospitality specialists with our burgeoning worldwide hotel practice." Joseph Haas, who will lead the Hawaii operations as senior managing director, said "CB Richard Ellis is the world leader in commercial real estate, and our new status as a wholly owned operation will enable us to better tap into a wealth of resources and expertise and expand the range of services, we can "We are very enthusiastic about this transaction, both for our clients and our professionals." |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion