INDCOR PROPERTIES, INC. SELECTS CB RICHARD ELLIS GROUP, INC. TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR 22 MILLION SQ. FT. INDUSTRIAL PORTFOLIO
Los Angeles, CA – July 22, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) today announced that it has been selected by IndCor Properties, Inc. (IndCor), an affiliate of Blackstone Real Estate Advisors, to provide property management services for a 22 million sq. ft. national industrial portfolio. The appointment comes on the heels of IndCor’s selection of CB Richard Ellis to manage a 4 million sq. ft. industrial portfolio in late 2010.
United States Postal Service Awards CB Richard Ellis Group, Inc. Contract to Serve as Exclusive National Real Estate Services Provider
Los Angeles, CA – July 20, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc (NYSE:CBG) today announced that the United States Postal Service (USPS) has awarded CB Richard Ellis a contract to serve as its exclusive provider of strategic corporate real estate solutions nationally. CB Richard Ellis will provide transaction management services for USPS, including leasing and disposition. USPS’s portfolio consists of approximately 35,000 facilities, totaling over 300 million sq. ft.
Jacksonville, FL – July 18, 2011 – (RealEstateRama) — CB Richard Ellis (CBRE) is augmenting service capabilities in Jacksonville’s multifamily investment properties market. Brian Moulder is joining the CBRE Multi-Housing Group (MHG) as a Senior Vice President, partnering with Vice Chairman, Dan Allen, and Senior Associate, Dhaval Patel. Moulder has served the southeast multifamily markets since 2003, most recently with Southeast Apartment Partners in Atlanta, GA.
Clearwater, FL – July 13, 2011 – (RealEstateRama) — The Tampa Bay area health care network, BayCare Health System expanded their occupancy at Colonial Center Bayside II by 13,556 square feet, for a total lease of 60,749 square feet.
Lake Worth, FL – July 12, 2011 – (RealEstateRama) — Israel-based group, PC Townhomes, LLC, purchased Palm Club Apartments for $7.8 million. With 160 units, the price paid for the Lake Worth townhome community amounted to $48,750 per unit.
Los Angeles, CA – July 4 30, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has completed the acquisition of ING Clarion Real Estate Securities (CRES) from Netherlands-based ING Group N.V. (ING). CB Richard Ellis’ acquisition of substantially all of ING’s Real Estate Investment Management (REIM) operations in Europe and Asia remains on schedule to close later this year. The total purchase price for the ING CRES and REIM businesses is approximately $940 million.
Miami, FL – June 29, 2011 – (RealEstateRama) — CB Richard Ellis (CBRE) announced today that Tim Gifford has joined the Capital Markets group as Senior Vice President. Gifford is based in the Miami office and will focus on investment acquisitions, dispositions and financing of properties in the Latin American markets.
CBRE CAPITAL MARKETS ARRANGES ACQUISITION FINANCING IN THE AMOUNT OF $12,650,000 FOR BRIARGLEN APARTMENTS
COLORADO SPRINGS, CO – June 29, 2011 – (RealEstateRama) — CB Richard Ellis (CBRE) Capital Markets, a Freddie Mac correspondent, arranged acquisition financing in the amount of $12,650,000 for Briarglen Apartments, a multi-family community totaling 220…
Los Angeles, CA – June 28, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) today announced that it has exceeded 10,000 attendees in the BOMA Energy Efficiency Program (BEEP), a major industry milestone. That performance represents 40% of all attendees in what is recognized as the leading sustainability training program for commercial real estate professionals.
Delray Beach, FL – June 23, 2011 – (RealEstateRama) — FL-PB Park Place, LLC sold the 3.93-acre lot along North Federal Highway for $1,450,000 to an undisclosed buyer. Located just north of Maroone Volkswagon at 2419-2605 N Federal Highway, the vacant lot was once slated for a mixed-use development project dubbed Parc Place North. In 2005, the site was approved the development of 45 residential units as well as office and retail components.
Tampa, FL – June 23, 2011 – (RealEstateRama) — CB Richard Ellis announced today the sale of the last vacant site on the Hillsborough River. The parcel, once to be the site of Trump Tower Tampa, a 52-story luxury condominium tower, was the topic of great controversy when development plans fell through during the height of the real estate recession
Los Angeles, CA – June 8, 2011 – (RealEstateRama) — A lack of suitable and available industrial properties is driving up industrial rents and spurring the return of speculative development in many prime markets, according to a new report from CB Richard Ellis Group, Inc. (CBRE).
CBRE AUCTION SERVICES TO CONDUCT SEALED BID AUCTION OF 28-ACRE INDUSTRIAL SITE IN TORRANCE, CALIFORNIA ON JULY 20TH
New York, NY – June 6, 2011 – (RealEstateRama) — Paul Galanis, managing director of CBRE Auction Services, announced today that a 28-acre redevelopment site located in Torrance, California, will be sold in a sealed bid auction on Wednesday, July 20th, 2011, providing a singular opportunity for future redevelopment in the heart of the South Bay.
Miami, FL – May 17, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the fourth straight year. CB Richard Ellis is the only commercial real estate services firm ever to be included in the FORTUNE 500.
Los Angeles, CA – May 12, 2011 – (RealEstateRama) — CB Richard Ellis Inc. (CBRE) has been named the world’s fastest-growing retail property and leasing manager by Chain Store Age for the second time in three years. The retail industry publication’s April/May 2011 issue reported that CBRE added 114.8 million sq. ft. of new global retail property management assignments in 2010, noting that ?CB Richard Ellis surely redefined growth in third-party portfolio management.
Los Angeles, CA – May 10, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that the Company has been recognized as the 6th ranked provider of outsourcing services across all industries, according to the annual Global Outsourcing 100 released by the International Association of Outsourcing Professionals (IAOP). This is the highest ranking for any commercial real estate services firm on the 2011 list, which recognizes the world’s most prestigious outsourcing service providers.
Los Angeles, CA – May 10, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the fourth straight year. CB Richard Ellis is the only commercial real estate services firm ever to be included in the FORTUNE 500.
Sarasota, FL – May 3, 2011 – (RealEstateRama) — The 11-story office building located at the corner of South Pineapple Avenue and Ringling Boulevard has undergone complete renovations of its common areas, upgraded security and revitalized the grounds. Recognizable by an exterior façade of uninterrupted dark glass framed with sleek sand-colored archways around the entire building, the interior of the M&I Bank Building has been elevated to today’s definition of contemporary design. This first phase of renovations exceeds $1 million in expenditures
PORTFOLIO OF 76/CONOCO PHILLIPS SERVICE STATIONS SITES TO BE SOLD ABSOLUTE ON THE AUCTION BLOCK THIS SUMMER
Phoenix, AZ – April 27, 2011 – (RealEstateRama) — A portfolio of eleven prime former 76-Conoco Philips service stations (most vacant parcels) and one restaurant, located in Phoenix, AZ; Las Vegas, NV; Oakland, Carpinteria, Pomona, Stockton, Turlock, Rodeo, Corcoran, CA, are to be sold at two auction events in early June through CBRE Auction Services.
CB RICHARD ELLIS GROUP, INC. CERTIFIES 100 CLIENT BUILDINGS UNDER THE LEED® FOR EXISTING BUILDINGS RATING SYSTEM
Los Angeles, CA – April 22, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has certified its 100th building under the LEED® for Existing Buildings rating system, demonstrating the company’s industry leadership and satisfying a 2007 commitment to achieve 100 building certifications in the U.S. Green Building Council’s (USGBC) LEED program. CB Richard Ellis is the first manager of commercial property to have 100 buildings certified under the LEED for Existing Buildings rating system.