CBRE exclusive on GE domestic transactions.Proving the 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 Insignia/ESG merger a great success, CB Richard Ellis announced today that its Global Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. and Brokerage groups have been selected to provide Transaction Management services for General Electric (NYSE NYSE
See: New York Stock Exchange : GE) within 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. .
The three year contract includes transaction services for all properties occupied by General Electric, including all subsidiaries and affiliated companies--one of the largest corporate real estate portfolios in the world.
General Electric selected CB Richard Ellis through a competitive request for proposals (RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system.
1. (business) RFP - Request for Proposal.
2. ) process to be one of three service providers for its United States properties.
At the time of the RFP, the CB Richard Ellis and Insignia/ESG merger had been announced, but was months away from closing.
Despite the status of the merger, General Electric took into consideration that the merger would only enhance the talent that was already exhibited by CB Richard Ellis during the proposal.
"Our dominant market position, combined with numerous long-standing relationships with GE made CB Richard Ellis the natural choice," said Steve Swerdlow, President of Global Corporate Services.
Robert ("Mr. Big Mr. Big may refer to:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Tri-State Region, said the GE assignment was an excellent example of collaboration among the company's business lines. "We have the most extensive toolbox in the industry, and we will leverage the full scope of our services on behalf of GE.
The portfolio consists of office property, distribution centers, industrial property, data centers, retail property and land.
"CB Richard Ellis offers some of the best in industry experience, service providing, networking, customer reach and personnel," said Harry Stein, Director--Corporate Real Estate for GE's Real Estate Services Operation.
"We are looking forward to working with such a strong group of executives to better position our portfolio."