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CBRE biotech assignment.


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.  has been recommended by Palm Beach County staff as the exclusive consultant, marketer and brokerage firm for the proposed Palm Beach County Bioscience bioscience /bio·sci·ence/ (-si´ens) the study of biology wherein all the applicable sciences (physics, chemistry, etc.) are applied.

bi·o·sci·ence
n.
See life science.
 Research Park.

CB Richard Ellis was selected from a field of five major brokerage providers due to its unmatched service experience in bioscience/ pharmaceutical real estate and ability to access a global network of contacts while maintaining a strong South Florida presence.

CB Richard Ellis will initially act as a consultant. The firm will then analyze the economic impact of such a park on the surrounding sur·round  
tr.v. sur·round·ed, sur·round·ing, sur·rounds
1. To extend on all sides of simultaneously; encircle.

2. To enclose or confine on all sides so as to bar escape or outside communication.

n.
 area, demographic and other regional trends, and assess the existing 1900-acre Master Plan's proposed mix of retail, research and development and commercial space for both practicality and feasibility in the current market.

Once a site is determined, CB Richard Ellis will then move into a more marketing services role by formulating and implementing a strategic plan to identify potential tenants and/or owner/occupants for the remainder of the park.

Patricia Ardigo, Group Leader of CB Richard Ellis' Life Sciences Group who is based in CBRE's Connecticut Connecticut, state, United States
Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W).
 office, will head the team charged with the Research Park assignment. South Florida professionals Robert Smith Robert Smith, Bob Smith or Bobby Smith may refer to:

Business
  • Robert Barr Smith (1824–1915), Australian businessman and philanthropist
  • Robert H.
, First Vice President, and Michael Klotz Michael Klotz is an outstanding young violist who is the violist of the Amernet String Quartet. Born in Rochester, NY, in 1978, he made his debut with the Rochester Philharmonic Orchestra at the age of 17. , First Vice President, will act as day-to-day brokers for the project. Tom Jirovsky, Senior Managing Director of the firm's Sedway Consulting Group, will provide strategic advisory.
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Title Annotation:CB Richard Ellis Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 11, 2004
Words:227
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