Morris county EDC honors CBRE's Babikian.The Morris County Economic Development Corporation recently honored 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. at its 13th Annual Partnership in Economic Development Awards luncheon, on Friday, May 6 at the Hilton Parsippany. The annual luncheon recognizes companies and real estate professionals who have significantly contributed to Morris county's economic development. Executive vice president of 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) , Jeff Babikian, was bestowed with the prestigious Real Estate Broker Award--Industrial/Flex, for his 217,000 s/f transaction on behalf of BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. North America in Mount Olive, N.J. "In 2004, Morris county's industrial real estate market was very active with more than 1.8 million s/f of space leased," said guest speaker John Kanas, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of North Fork Bank North Fork Bank was an American bank headquartered in Melville, New York purchased by Capital One at the end of 2006 for $14.6 billion U.S. dollars. It was only the second bank bought by Capital One, and was the larger of two acquisitions comprising Capital One's 2005-06 expansion . "Jeff led all real estate professionals in this category with his superb representation of BMW of North America in their transaction to occupy 200 International Drive in the International Trade Center of Morris county." Mr. Babikian commented, "I am thrilled to be recognized amongst my peers and colleagues within the real estate industry with this esteemed award. CB Richard Ellis has been a market leader in Morris county for many years and we are pleased to play a role in helping to enhance the tenant base in the region, bringing new jobs and rateables to the local community. "This deal represents BMW of North America's firm commitment to Morris county as they continue to experience significant growth." Sponsors at this year's luncheon included Jersey Central Power & Light, a FirstEnergy Company, Mack-Cali Realty Corporation, PSEG PSEG Public Service Enterprise Group Area Development; LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , North Fork Bank and Pfizer Inc. The Morris County Economic Development Corporation is a partnership of government businesses and allies dedicated to growing the economy of Morris county through aggressive and effective programs and services that result in business attraction, creation, retention, expansion and transition. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion