2008 CPN Goldbook - (Page 8) GIANTS CB Richard Ellis Inc. C B Richard Ellis Inc., an S&P 500 company, is headquartered in Los Angeles. In 2007, the commercial real estate services giant was named one of BusinessWeek’s 50 best-in-class companies and one of Fortune’s 100 fastest-growing companies. Much of the firm’s rapid growth owes to its continuing acquisitions. While it was still integrating Trammell Crow Co. after their December 2006 merger, CB Richard Ellis continued to expand its overseas operations. In February 2007, it acquired Italian retail specialist EDConsulting SRL in another step to strengthBRETT WHITE en the company’s retail-services President & CEO CB Richard Ellis Inc. capability across Europe. In August of the same year, the firm acquired the remaining interests in its partially owned affiliates in India and Chile. Then, in September, it purchased Australian firm GVA SwaleHynes, expanding the reach of its corporate real estate services group in the Pacific region. CB Richard Ellis began 2008 with the January acquisition of Grenville Smith & Duncan Ltd., a multidisciplinary commercial real estate services company in the United Kingdom. In early February, it acquired Eurisko Consulting SRL, the largest independent commercial real estate services company in Romania, for $35 million. Today, CB Richard Ellis has more than 24,000 employees and serves real estate owners, investors and occupiers through more than 300 offices. Its offerings include expertise and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; and appraisal and valuation. CALVIN FRESE JR. It continues to develop its corPresident-Americas porate citizenship program. ManCB Richard Ellis Inc. aging more than 1.7 billion square feet of property and corporate facilities, CB Richard Ellis believes that by sharing its expertise in green building policies, processes and procedures it can have a tangible impact on the battle against climate change. Colliers International C ommercial real estate services provider Colliers International produces more than $1.6 billion in annual revenue. It has 673 million square feet under management and annually completes transactions valued at over $63 billion. Among the significant deals closed in 2007 were the $427 million sale of a multi-family portfolio in Arizona and the sale of a New Jersey industrial property for Bristol-Myers Squibb Co. In addition, the London and Madrid offices worked together on the acquisition of the London headquarters of HSBC Holdings Plc in a transaction valued at more than $2 billion—the largest single-asset sale in U.K. history. Colliers also represented MGM MIRAGE in the $576 million purchase of 34 acres of land on the Las Vegas Strip, one of the largest land transactions ever recorded on Las Vegas Boulevard. Colliers also represented St. Louis-based Commercial Development Corp. in the sale of a $62 million office and industrial portfolio in Minneapolis. On the leasing side, Colliers represented RREEF in a 379,332-square-foot office lease and Kemper Lakes Business Center in a 145,000- square-foot lease, both in Chicago. The International Association of Outsourcing Professionals in 2007 ranked Colliers No. 19 on its Global Outsourcing 100 list of companies. In addition, its effort to reconstruct the village of Kirinda, Sri Lanka, after the 2004 tsunami won an award in the residential category of the 2007 MIPIM Awards. Colliers’ platform continues to WALTER PINKARD JR. grow through new offices in Chairman Colliers International Colombia, Costa Rica, Pakistan, Thailand, Vietnam, Croatia, Qatar and Oman. Its operations in the Persian Gulf region have expanded substantially via projects in Jordan, Syria, Sudan and Saudi Arabia. The global partnership of commercial real estate services companies now employs more than 10,000 people in 267 offices across 54 countries. 8 Commercial Property News 2008 Goldbook
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