ING Clarion taps CBRE to manage 7m s/f portfolio.ING Clarion Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has awarded the management of a national portfolio of 26 office properties totaling 7 million square feet to 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. (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) ). The portfolio spans seven states with nearly one-third of the properties (eight) located in the Washington/Baltimore region. Other markets include: Atlanta, 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 , Boston, Denver, Los Angeles, Connecticut and South Florida. CB Richard Ellis will be managing the dayto-day operations of the properties on a third-party basis. "The confidence and trust that ING Clarion has placed in CBRE underscores the depth and scale of our platform to drive and enhance asset values. "Our asset services model leverages our size, reach, standards, technology, buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. and flexibility to deliver consistent management services across a geographically dispersed portfolio," according to Tony Long, President of Americas Asset Services with CB Richard Ellis. Drew Genova, senior managing director of Strategic Accounts for CBRE, and Tony Long tailored an innovative asset services account model to meet ING Clarion's requirements and will continue to serve as senior advisors to the firm. "We are honored by the trust that ING Clarion has placed in our company's ability to manage these assets as though they were our own," said Genova. CBRE's John Greenwood, alliance director, will manage the account's day-to-day activities. He will be supported by CB Richard Ellis' entire Asset Services platform and technology, together with the institutional knowledge of the 50+ ING Clarion employees who will join CBRE as part of this arrangement. In the Americas, CB Richard Ellis manages 1.13 billion square feet of property and corporate facilities (including affiliate and partner offices). CBRE's Asset Services group delivers a wide range of services designed to enhance operational efficiency, increase occupancy and improve net operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. for the company's institutional investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. clients. Founded in 1982, ING Clarion and its affiliates manage almost $49 billion in assets in the private equity, public equity, and public debt sectors of the real estate markets. The ING Clarion organization has almost 550 associates located in major markets throughout the United States. |
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