Los Angeles, CA – February 1, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) today announced the launch of a new, proprietary online real estate loan auction service. This new platform expands the company’s capabilities for assisting sellers in the disposition of commercial real estate loans.
The service provides an open, online auction bidding capability for the sale of commercial mortgages. The proprietary, self contained, online platform complements CBRE’s traditional loan sales process and is supported by the same high quality marketing resources and market research.
“CBRE’s loan auction platform delivers to our clients the utility of an online tool combined with the savvy, insight and market knowledge of the world leader in commercial real estate services,” said Spencer Levy, Executive Managing Director,CBRE Capital Markets.
Operating on a proprietary, self contained technology administered internally by CBRE, the system has been rigorously tested to meet the highest security and technology standards. This online auction platform also has the capability to customize the auction offerings based on seller requirements.
The new online loan auction service is a collaboration of the CB Richard Ellis Denver Loan Sale Advisory Team and other CBRE service groups. The online loan auction service complements the existing offerings of CBRE Capital Markets, Brokerage, and Global Corporate Services professionals across the country. For further information visit: www.cbre.com/auctions.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2009 revenue). The Company has approximately 29,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.