Team Shanahan sales top $6.4b for 2005.William Shanahan, executive vice president at 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. , was the firm's top-producing broker in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. in 2005. Shanahan and his team, CB Richard Ellis' New York City Investment Properties Institutional Group, were responsible for $6.4 billion worth of New York New York, state, United States 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 office and multi-family residential Multi-family residential is a classification of housing where multiple separate housing units are contained within one building. The most common form is an apartment building. Many intentional communities incorporate multi-family residences, such as in cohousing projects. property sales last year. "In 2005, Bill had a marquee role on the real estate world's biggest stage--New York City," said Mary Ann Tighe, Chief Executive Officer of the New York Tri-State Region For other tri-state regions, see . The Tri-State Region is commonly used in the area surrounding New York City to unambiguously refer to the greater metropolitan area. Sometimes the phrase is shortened to "the Tri-State," or "the Tri-State Area" is used instead. of CB Richard Ellis. "Exemplifying many of the city's trademark characteristics--innovation, tenacity, creativity--he delivered to his clients outstanding results in a record-breaking year for investment sales." In New York City alone, Mr. Shanahan, his partner Darcy Stacom and their team last year sold $4.5 billion of office buildings--estimated at 40 percent of the total office investment activity in Manhattan last year--and $1.8 billion of multi-family residential assets. Mr. Shanahan led several groundbreaking transactions for his team in 2005, including: * The $335-million joint venture for the world famous Lipstick Building at 885 Third Avenue. The transaction unlocked a substantial gain for Tishman Speyer just one year after purchasing the asset. * The $202-million sale of CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Realty Corp's interest in Waterside Plaza, the iconic apartment complex described by the New York Times as the "Citadels on the East River" * The $505-million sale of the 1.1 million-sq.-ft, condominium interest in the Verizon Headquarters complex at 1095 Avenue of the Americas * Acted as the real estate consultant for the Battery Park City Authority The Hugh L. Carey Battery Park City Authority is a New York State public benefit corporation whose mission is to plan, create, co-ordinate and maintain a balanced community of commercial, residential, retail, and park space within its designated 92-acre site on the lower west side in the negotiation of the new headquarters lease for Goldman Sachs at Battery Park City Other notable transactions include the sale of The Sheffield at 322 West 57th Street for $418million, the International Toy Center buildings at 200 Fifth and 1107 Broadway for $355million, L'Oreal's headquarters at 575 Fifth Avenue for $385million and the first office-to-residential conversion in Lower Manhattan at 25 Broad Street for $260 million. Mr. Shanahan joined CB Richard Ellis in 2002. For more than 25 years, he has specialized in capital market, advisory and property dispositions transactions, including sales and partial interests, conventional mortgage and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. , and structured equity sales. |
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