Highest Ranking Ever For Any Commercial Real Estate Services Firm on Prestigious List
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.
This recognition marks the second time in IAOP history that CB Richard Ellis has been included in the top 10, and its highest position to date. CB Richard Ellis is the only commercial real estate services firm ever to make the top 10. The list ranks the top outsourcing service providers across all industries. The full list is here.
“To be recognized as one of the world’s top outsourcing firms—across all professional services—underscores the leadership position we have achieved through a combination of exceptional talent and a best-in-class services platform,? said Brett White, Chief Executive Officer of CB Richard Ellis.
The Global Outsourcing 100 rankings are determined by an independent panel of judges based on four characteristics: size and growth rate, customer references, demonstrated competencies, and management capabilities. The IAOP panel cited CBRE’s management capabilities and customer references as being particularly strong – the company was ranked 8 out of a possible 8 in both these categories.
“What is remarkable about CBRE’s growth within outsourcing over the years is its investment in — and unwavering commitment to — creating and constantly refining an integrated, value-driven, and client-centric approach,? said Michael Corbett, Chairman of IAOP’s Board of Directors. ?Their ranking, client testimonials, management systems, and executive leadership all clearly reflect this commitment.”
CB Richard Ellis offers an unrivaled suite of commercial real estate services on a global basis. The company was responsible for more than $128.1 billion of property sales and lease transactions in 2010, and managed more than 2.9 billion sq. ft. (including properties managed by affiliates) of commercial properties and corporate facilities as of December 31, 2010. The Company signed a record 44 long-term outsourcing contracts during the first quarter of 2011.
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.