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.
Los Angeles, CA – April 21, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (NYSE:CBG) today announced the appointment of Asieh Mansour, PhD, as Head of Americas Research and Senior Managing Director of Global Research and Consulting. In this role, Ms. Mansour will direct CBRE’s Americas based commercial real estate market analysts, advise the Americas leadership and professionals on economic issues, serve as a key spokesperson on the commercial real estate environment and work closely with her CBRE research colleagues around the world. She brings more than 20 years experience as a leading real estate economist to CB Richard Ellis.
NATIONAL REAL ESTATE INVESTOR RANKS CB RICHARD ELLIS GROUP, INC. NO. 1 BROKERAGE FIRM FOR EIGHTH YEAR IN A ROW
Los Angeles, CA – April 19, 2011 – (RealEstateRama) — National Real Estate Investor, the leading magazine for professional real estate investors, has ranked CB Richard Ellis Group, Inc. (NYSE:CBG) the No. 1 U.S.-based commercial real estate brokerage firm for the eighth year in a row. The ranking, featured in the publication’s April 2011 issue, is based on the aggregate value of sales and leasing transactions completed globally during 2010.
CB RICHARD ELLIS ANNOUNCES CLIENT PROPERTIES TOTALING 414 MILLION SQUARE FEET PARTICIPATED IN WWF’S EARTH HOUR 2011
Los Angeles, CA – March 28, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) announced today that 414 million square feet of properties it manages for clients participated in WWWF’s Earth Hour 2011. In addition, CBRE influenced an estimated 1.6 million of those properties’ occupants to participate in the event. CBRE joined a diverse roster of leading businesses in supporting this global initiative.
CB RICHARD ELLIS GROUP, INC. ANNOUNCES COMPLETION OF FINANCING FOR ING REAL ESTATE INVESTMENT MANAGEMENT ACQUISITION
Los Angeles, CA – March 8, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has raised $800 million of new term loans under its credit agreement to finance the acquisition of the real estate investment management businesses it is acquiring from Netherlands-based ING Group N.V.
Los Angeles, , CA – March 3, 2011 – (RealEstateRama) — CB Richard Ellis Group Inc. (NYSE:CBG) today announced that CB Richard Ellis has been named the premier global brand in commercial real estate, according to a survey of industry professionals worldwide by The Lipsey Company. CB Richard Ellis has been voted the industry’s top brand for ten consecutive years, ever since Lipsey inaugurated its survey in 2002.
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.
CB Richard Ellis Group, INC. Announces Definitive Agreements to Acquire Majority of ING Group N.V.’S Global Real Estate Investment Management Businesses
Los Angeles, CA – February 15, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has entered into definitive agreements to acquire the majority of the real estate investment management business of Netherlands-based ING Group N.V. (ING) for approximately $940 million in cash. The acquisitions include substantially all of the ING Real Estate Investment Management (ING REIM) operations in Europe and Asia, as well as Clarion Real Estate Securities (CRES), its U.S.-based global real estate listed securities business. CB Richard Ellis will not acquire ING’s U.S.-based private market real estate investment management company.
Los Angeles, CA – February 11, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) today announced the promotions of Michael J. Riccio and Mitchell W. Kiffe to Senior Managing Director, Capital Markets, reflecting their expanded responsibilities as Co-Heads of Production for CBRE’s Debt & Equity Finance practice. In his new role, Mr. Riccio will focus on expanding life company correspondent and lender relationships while remaining the northeast Debt & Equity Finance regional leader and continuing to serve long-standing institutional accounts. Mr. Kiffe will continue his multi-family market focus while also seeking to enhance CBRE’s collaboration with Freddie Mac, Fannie Mae and the FHA as well as other capital sources
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.
Los Angeles, CA – January 26, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) has announced that Chris Ludeman will join Brian Stoffers as co-president of the firm’s Capital Markets businesses. In his expanded role, Mr. Ludeman will provide client-facing leadership for the company’s office, industrial and retail Investment Properties efforts along with its Institutional Group, Global Property Advisors and Private Client Group activities. Mr. Stoffers will continue to lead CBRE’s Debt and Equity Finance, agency and loan servicing businesses, as well as oversee the multi-housing, hotel/lodging and investment banking practices. Mr. Ludeman will continue as President, Americas Brokerage, overseeing CBRE’s tenant rep and agency leasing business lines
CB RICHARD ELLIS TO PARTNER WITH REBUILDING TOGETHER FOR NFL-SANCTIONED ‘KICKOFF TO REBUILD’ CHARITY EVENT
Dallas, TX – January 25, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) has announced that it will join Rebuilding Together on Thursday, February 3, to help revitalize a dozen homes in need of repair and perform general community clean-up in the Arlington, Texas, neighborhood of Drummond Drive as a sponsor of the nonprofit‘s 16th annual Kickoff to Rebuild charity event.
Dallas, TX – January 14, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) has appointed Michael Caffey as Senior Managing Director and Dallas/Fort Worth market leader. In that role Mr. Caffey will be responsible for overseeing all business lines for CB Richard Ellis in the North Texas market area as well as the Company’s Oklahoma affiliate operations. Mr. Caffey is currently a Managing Director in CBRE’s Dallas office. He succeeds Mark Fewin, who was named last November as Global Leader for Project Management Services
Boston, MA – January 7, 2011 – (RealEstateRama) — The national vacancy and availability rates in the U.S. office and industrial markets, continued to decline in the fourth quarter (Q4) of 2010, according to the latest analysis from CBRE Econometric Advisors (CBRE-EA). In Q4, the national office vacancy rate fell by 20 basis points (bps) to16.4%, the second consecutive quarterly decline. The national industrial availability1 rate decreased by 30 basis points in Q4 to 14.3%, marking the second consecutive decrease in availability and providing further proof that the industrial sector continues to heal.
Boston, MA – December 15, 2010 – (RealEstateRama) — The U.S. multi-housing vacancy rate is expected to remain relatively stable through 2011, ending the year at 5.8%, before falling further to 5.3% during the course of 2012, according to a new forecast from CBRE Econometric Advisors (CBRE-EA). Multi-family property demand will remain solid, continuing a trend that began when the vacancy rate peaked at 7.4% at the end of 2009.
Boston, MA – December 9, 2010 – (RealEstateRama) — The U.S. industrial real estate sector’s national availability1 rate is expected to fall to 13.1% in 2011, down from 14.0% in the third quarter of 2010, according to new analysis from CBRE Econometric Advisors (CBRE-EA). CBRE-EA forecasts that the industrial availability rate is expected to continue declining during 2012, ending the year at 11.8%. The national industrial availability rate peaked at 14.1% in 2Q 2010.
CB RICHARD ELLIS CEO BRETT WHITE NAMED SERVICE COMPANY EXECUTIVE OF THE YEAR BY COMMERCIAL PROPERTY EXECUTIVE
Los Angeles, CA – December 6, 2010 – (RealEstateRama) — Brett White, Chief Executive Officer of CB Richard Ellis Group, Inc., has been selected as Service Company Executive of the Year in Commercial Property Executive’s 2010 CPE Executive of the Year Awards. This year’s selection marks Mr. White’s third time receiving this prestigious award
Boston, MA – November 24, 2010 – (RealEstateRama) –The U.S. retail real estate sector’s availability1 rate is expected to drop to 12.7% by the end of 2011, according to new analysis from CBRE Econometric Advisors (CBRE-EA). CBRE-EA forecasts that the ongoing pick-up in retail sales combined with limited supply will slowly decrease the national availability rate for neighborhood and community centers