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.
“Our ongoing membership in the FORTUNE 500 sets us apart from other commercial real estate service providers,“ said Brett White, Chief Executive Officer of CB Richard Ellis. “We have attained a position of industry leadership because clients have confidence that our platform and our people around the world can deliver the best solutions to meet their strategic business needs.”
The FORTUNE 500 ranks U.S.-based companies by total revenue. CB Richard Ellis was ranked at #440 on the list, up nearly 60 places from the prior year.
In 2010, CB Richard Ellis arranged sales and leasing transactions with total value of $128.1 billion and managed commercial properties and corporate facilities totaling more than 2.9 billion sq. ft. (includes properties managed by affiliate companies).
Earlier this year, CB Richard Ellis led National Real Estate Investor’s Top Brokerage list for the eighth straight year. The Company is also the only commercial real estate services firm included on the 2011 Forbes Global 2000 list, which identifies the world’s most powerful publicly held companies based on a combination of revenue, profits, total assets and market value.
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 2010 revenue). The Company has approximately 31,000 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.