CB Richard Ellis

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CB Richard Ellis Group, Inc.
Type	Public (NYSE: CBG)
Founded	1773
Headquarters	Los Angeles, California, USA
Key people	Richard C. Blum, Chairman W. Brett White, President, CEO & Director Kenneth J. Kay, CFO & SEVP
Industry	Commercial Real Estate Services
Products	Asset Services, Brokerage, Capital Markets, Consulting, Corporate Services, Debt & Equity Financing, Facilities Management, Industrial, Investment Brokerage/Agency, Investment Management, Mapping Services, Project Management, Property Management, Research & Investment Strategy, Retail, Specialty Services and Valuation & Advisory Services
Revenue	▲ $6.034 billion USD (2007)
Employees	29,000
Website	www.cbre.com[1]

CB Richard Ellis Group, Inc. NYSE: CBG (known as CBRE) is the world's largest commercial real estate services company. The multinational company is currently based in the Westwood section of Los Angeles, California, U.S.A. and manages 1.7 billion square feet of building space from 300 offices in 50 countries.

Contents 1 History 2 Overview 3 Corporate governance 4 Divisions 5 Competitors 6 Accolades 7 References 8 External links

[edit] History

• Richard Ellis International, Limited was founded in London, England in the year, 1773.
• Tucker, Lynch & Coldwell was established in 1906.
• Benjamin Banker is named partner in 1914.
• Tucker Lynch was renamed Coldwell, Banker & Co in 1940.
• In 1969, Coldwell Banker began trading stock.
• The New York commercial real estate firm Sutton & Towne, Inc was acquired by Coldwell Banker in 1980.
• Sears, Roebuck & Co. acquired Coldwell Banker in 1981.
• In 1989, the Coldwell Banker Commercial Division (CB Commerical) was spun off as a separate company from Coldwell Banker Real Estate and sold to a group of investors, management and employees.
• CB Commercial acquired: Westmark Realty Advisors in 1995, L.J. Melody & Company mortgage bankers in 1996, Koll Real Estate Services in 1997 and Hiller Parker in 1998.
• CB Commercial went public in 1996.
• The merger of CB Commercial and Richard Ellis International, Limited (REI Ltd.) in 1998 resulted in a new company named, CB Richard Ellis (CBRE).
• In 1999, Japanese operations were merged with Ikoma Corporation; Sweden's Profit Group and Chile's LirAntunez Propiedades were acquired.
• CBRE was privatized in 2001.
• Insignia Financial Group was acquired in 2003.
• For a second time, CBRE went public on the New York Stock Exchange in 2004.^[2]
• At the end of 2006, CBRE completed the acquisition of competitor Trammell Crow Co. in a transaction valued at $2.2 billion.^[3][4]

[edit] Overview

CBRE and their subsidiaries including Insignia Financial, Trammell Crow, Torto Wheaton Research and L.J. Melody & Co. oversee real estate management, investment, property development, and related operations for top corporations that outsource their real estate requirements. They also provide asset management and brokerage services.

[edit] Corporate governance

Current members of the board of directors of the corporation are Richard Blum (chairman), Ray Wirta (vice chairman), Brett White (CEO), Patrice Daniels, Senator Thomas Daschle, Curtis Feeny, Bradford Freeman, Michael Kantor, Frederic Malek, Jane Su, Robert Sulentic and Gary L. Wilson.

[edit] Divisions

CBRE has divisions that address virtually every aspect of the commercial real estate market, including:

• Asset Services
  • Facilities Management
    • Commercial
    • Industrial
    • Retail
• Brokerage
  • Tenant & Landlord Representation using Chinese wall^[5]
  • Investment Brokerage/Agency
• Capital Markets
• Management
  • Investment (CBRE Investors)
  • Project
• Research & Investment Strategy (Torto Wheaton Research)
• Services
  • Consulting
  • Corporate
  • Mapping
  • Specialty
  • Valuation and Advisory
• Debt & Equity Financing (L.J. Melody & Co.)

[edit] Competitors

• Cushman & Wakefield
• New York Commercial Realty Group NYCRG
• Jones Lang LaSalle
• Studley, Inc.
• The Staubach Company
• Holliday Fenoglio Fowler
• Grubb & Ellis
• CRESA Partners
• NAI Global
• Equis
• Colliers International
• Fischer

[edit] Accolades

• Ranked 11th on the Business Week list of top 50 companies for 2008^[6]
• One of 41 businesses listed on the Companies that Care Honor Roll for 2008^[7]
• Fortune 500 for 2008, ranked 404th^[8]
• Fortune Magazine 100 fastest growing companies in 2008, ranked 33rd^[9]
• Ranked 29th on the 2008 IAOP Global Outsourcding Leaders list of 100^[10]
• 2008 ENERGY STAR Award Winner^[11]

[edit] References

[edit] External links

• Corporate website
• CBRE Melody website
• CBRE Mapping Center
• Torto Wheaton Research & Investment Strategy
• CBRE Canadian website
• CBRE EMEA website
• CBRE CBRE Hong Kong website
• CBRE UK website
• CBRE Vietnam website
• CBRE San Diego, California website