INDCOR PROPERTIES, INC. SELECTS CB RICHARD ELLIS GROUP, INC. TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR 22 MILLION SQ. FT. INDUSTRIAL PORTFOLIO

Los Angeles, CA – July 22, 2011 – (RealEstateRama) — CB Richard Ellis Group, Inc. (CBRE) today announced that it has been selected by IndCor Properties, Inc. (IndCor), an affiliate of Blackstone Real Estate Advisors, to provide property management services for a 22 million sq. ft. national industrial portfolio. The appointment comes on the heels of IndCor’s selection of CB Richard Ellis to manage a 4 million sq. ft. industrial portfolio in late 2010.