Los Angeles, CA – February 18, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc (CBRE) was the No. 1 firm in U.S. investment sales activity for commercial property, according to Real Capital Analytics (RCA) data. CB Richard Ellis led the RCA list for the 10th consecutive year with a 14.8% market share in 2010.
RCA, which tracks national commercial real estate sales of $5 million and greater, credited CB Richard Ellis with investment transactions valued at more than $17.98* billion last year. RCA estimates that over $121.6** billion of office, industrial, retail, multi-family and hotel properties were sold in the U.S. in 2010.
?CBRE’s robust, integrated platform delivered great results for our clients across all property types—office, industrial, apartments, retail and hotels—last year,? said Chris Ludeman and Brian Stoffers, Co-Presidents of CBRE’s Capital Markets.
* Does not include CBRE’s individual property sales valued at less than $5 million, sales where CBRE represented the buyer or sales for a partial interest less than 50 percent.
** Excludes privatization activity.
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.