Utility firm taps CBRE to manage 1.2M s/f.In efforts to build on its successful cost reduction program, Raleigh, North Carolina-based Progress Energy, one of the nation's top ten generators of electricity, has selected Los Angeles-based 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. (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) ) to manage its extensive portfolio of regional facilities in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. (N.C.) and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. (S.C.). Consisting of 123 properties on 80 sites and totaling 1.2 million square feet, Progress Energy's range of facilities includes warehouses and service, operation, construction and maintenance centers. CBRE's mandate is total responsibility for the maintenance and repair of these centers and warehouses, as well as responsibility for managing contracts for janitorial, landscaping, pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n , elevator and other maintenance activities. CBRE's Nigel Poland, Managing Director, based in the firm's Atlanta office oversees the account, while CBRE's Michael Watts
Michael J. Watts is "Class of 1963" Professor of Geography and Development Studies at the University of California, Berkeley, and in the eyes of some a , Managing Director, oversees day-to-day functions and serves as an in-house manager at Progress Energy's Raleigh headquarters. Watts will supervise a team of facility managers, administrative staff and technicians. "We are very pleased to win this assignment," said Steven Swerdlow, President Global Corporate Services who added that this is the first time CBRE will be providing facilities management to an electrical utility. According to Mr. Poland, "We believe our ability to offer the client an excellent pricing model as well as a deep understanding of its operations, won us this important business." Four firms competed for the Progress Energy account. "CBRE not only demonstrated that it understood the functioning of our company," said June Hickman, Director Facilities Management Carolinas, of Progress Energy, "but they proved to us they had the resources, experience and know-how to deliver the breadth of services we require. As a utility provider, we are constantly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to reduce customer costs and feel that outsourcing the facilities management function of our business will help to achieve that objective." |
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