CBRE
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
Contact:
Nadja Brandt
Corporate Communications, Pacific Southwest
+1 213 6133627
GEORGETOWN COMMUNITY SITE SOLD FOR $800,000
Ft. Lauderdale, FL - August 9, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) arranged the sale disposition of a 27-acre Georgetown Community site for $800,000 to Arch, LLC. The bank-owned asset comprised six fee-simple completed units and 118 finished fee-simple lots with entitlements and infrastructure. The site is situated on the southern part of the 320-unit Georgetown Community partially developed by Centerline Homes in 2005.
OXFORD INTERNATIONAL RELOCATES
Palm Beach Gardens, FL - August 2, 2011 - (RealEstateRama) -- Oxford Global Resources is relocating to Corporate Center at The Gardens, taking 18,500 square feet in the beginning of October of this year. For Oxford, the move allows the IT/Telecom staffing firm to reflect their talent-focused culture, with inviting lounge areas, activity rooms and a fitness center—all intended to stimulate interactivity and community for the employees of Oxford.
NEW INDUSTRIAL DEVELOPMENT PLANNED FOR DCT INDUSTRIAL TRUST LAND ACQUISITION
Miami, FL - July 29, 2011 - (RealEstateRama) -- DCT Industrial Trust, Inc. purchased 14.68 acres of land from Jacksonville-based, Everbank, for $6,260,000. The two parcel property had a staged closing with the first phase occurring July 19. The second phase is slated to close by year end. DCT Industrial plans to develop industrial distribution space for lease. The site is located in the Doral/Airport submarket.
FLORIDA’S COMMERCIAL REAL ESTATE MARKETS TODAY: UP, DOWN AND IN BETWEEN
Miami, FL - July 28, 2011 - (RealEstateRama) -- Market conditions have improved across Florida, but with little consistency between product types and classes, as reported by the CBRE 2Q 2011 Statewide MarketViews released today. CBRE MarketViews report on commercial real estate trends in the Florida. Markets tracked include Jacksonville, Orlando, Tampa Bay, and South Florida.
FREIGHT FORWARDING FIRM EXPANDS AND PURCHASES FACILITY
Miami, FL - July 25, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) announced today the sale of 10825 NW 33rd Street, a 8,885-square-foot industrial building, for $1,275,000. The building was purchased from A DE Q Holdings, Inc. by High Property Group, LLC with intent to occupy the space.
INDCOR PROPERTIES, INC. SELECTS CB RICHARD ELLIS GROUP, INC. TO PROVIDE PROPERTY MANAGEMENT SERVICES...
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.
United States Postal Service Awards CB Richard Ellis Group, Inc. Contract to Serve as...
Los Angeles, CA - July 20, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc (NYSE:CBG) today announced that the United States Postal Service (USPS) has awarded CB Richard Ellis a contract to serve as its exclusive provider of strategic corporate real estate solutions nationally. CB Richard Ellis will provide transaction management services for USPS, including leasing and disposition. USPS’s portfolio consists of approximately 35,000 facilities, totaling over 300 million sq. ft.
CBRE ADDS STRENGTH TO MULTI-HOUSING GROUP IN JACKSONVILLE
Jacksonville, FL - July 18, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) is augmenting service capabilities in Jacksonville’s multifamily investment properties market. Brian Moulder is joining the CBRE Multi-Housing Group (MHG) as a Senior Vice President, partnering with Vice Chairman, Dan Allen, and Senior Associate, Dhaval Patel. Moulder has served the southeast multifamily markets since 2003, most recently with Southeast Apartment Partners in Atlanta, GA.
BAYCARE HEALTH SYSTEM EXPANDS TO 60,749 SF AT COLONIAL CENTER BAYSIDE II
Clearwater, FL - July 13, 2011 - (RealEstateRama) -- The Tampa Bay area health care network, BayCare Health System expanded their occupancy at Colonial Center Bayside II by 13,556 square feet, for a total lease of 60,749 square feet.
FOREIGN INVESTOR PURCHASES PALM CLUB APARTMENTS FOR $7.8 MILLION
Lake Worth, FL - July 12, 2011 - (RealEstateRama) -- Israel-based group, PC Townhomes, LLC, purchased Palm Club Apartments for $7.8 million. With 160 units, the price paid for the Lake Worth townhome community amounted to $48,750 per unit.
CB RICHARD ELLIS GROUP, INC. ANNOUNCES COMPLETION OF ING CLARION REAL ESTATE SECURITIES ACQUISITION
Los Angeles, CA - July 4 30, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has completed the acquisition of ING Clarion Real Estate Securities (CRES) from Netherlands-based ING Group N.V. (ING). CB Richard Ellis’ acquisition of substantially all of ING’s Real Estate Investment Management (REIM) operations in Europe and Asia remains on schedule to close later this year. The total purchase price for the ING CRES and REIM businesses is approximately $940 million.
CB RICHARD ELLIS TAPS TIM GIFFORD TO SERVE CAPITAL MARKETS OF LATIN AMERICA
Miami, FL - June 29, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) announced today that Tim Gifford has joined the Capital Markets group as Senior Vice President. Gifford is based in the Miami office and will focus on investment acquisitions, dispositions and financing of properties in the Latin American markets.
CBRE CAPITAL MARKETS ARRANGES ACQUISITION FINANCING IN THE AMOUNT OF $12,650,000 FOR BRIARGLEN APARTMENTS
COLORADO SPRINGS, CO - June 29, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) Capital Markets, a Freddie Mac correspondent, arranged acquisition financing in the amount of $12,650,000 for Briarglen Apartments, a multi-family community totaling 220...
CB Richard Ellis Achieves Major Milestone with 10,000 Attendees in BOMA BEEP Training
Los Angeles, CA - June 28, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced that it has exceeded 10,000 attendees in the BOMA Energy Efficiency Program (BEEP), a major industry milestone. That performance represents 40% of all attendees in what is recognized as the leading sustainability training program for commercial real estate professionals.
3.93-ACRE SITE ALONG NORTH FEDERAL HIGHWAY PURCHASED FOR AUTOMOTIVE RETAIL USE
Delray Beach, FL - June 23, 2011 - (RealEstateRama) -- FL-PB Park Place, LLC sold the 3.93-acre lot along North Federal Highway for $1,450,000 to an undisclosed buyer. Located just north of Maroone Volkswagon at 2419-2605 N Federal Highway, the vacant lot was once slated for a mixed-use development project dubbed Parc Place North. In 2005, the site was approved the development of 45 residential units as well as office and retail components.
DOWNTOWN TAMPA SITE PURCHASED $5 MILLION
Tampa, FL - June 23, 2011 - (RealEstateRama) -- CB Richard Ellis announced today the sale of the last vacant site on the Hillsborough River. The parcel, once to be the site of Trump Tower Tampa, a 52-story luxury condominium tower, was the topic of great controversy when development plans fell through during the height of the real estate recession
TIGHTENING SUPPLY PIPELINE LEADS TO BETTER THAN ANTICIPATED GLOBAL GROWTH IN INDUSTRIAL RENTS
Los Angeles, CA - June 8, 2011 - (RealEstateRama) -- A lack of suitable and available industrial properties is driving up industrial rents and spurring the return of speculative development in many prime markets, according to a new report from CB Richard Ellis Group, Inc. (CBRE).
CBRE AUCTION SERVICES TO CONDUCT SEALED BID AUCTION OF 28-ACRE INDUSTRIAL SITE IN...
New York, NY - June 6, 2011 - (RealEstateRama) -- Paul Galanis, managing director of CBRE Auction Services, announced today that a 28-acre redevelopment site located in Torrance, California, will be sold in a sealed bid auction on Wednesday, July 20th, 2011, providing a singular opportunity for future redevelopment in the heart of the South Bay.
CB RICHARD ELLIS NAMED TO THE FORTUNE 500 FOR 4th STRAIGHT YEAR
Miami, FL - May 17, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the fourth straight year. CB Richard Ellis is the only commercial real estate services firm ever to be included in the FORTUNE 500.
CB RICHARD ELLIS NAMED FASTEST-GROWING RETAIL PROPERTY AND LEASING MANAGER BY CHAIN STORE AGE
Los Angeles, CA - May 12, 2011 - (RealEstateRama) -- CB Richard Ellis Inc. (CBRE) has been named the world’s fastest-growing retail property and leasing manager by Chain Store Age for the second time in three years. The retail industry publication’s April/May 2011 issue reported that CBRE added 114.8 million sq. ft. of new global retail property management assignments in 2010, noting that ?CB Richard Ellis surely redefined growth in third-party portfolio management.
IAOP RANKS CB RICHARD ELLIS GROUP, INC. #6 AMONG ALL OUTSOURCING FIRMS
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.
CB RICHARD ELLIS NAMED TO THE FORTUNE 500 FOR 4th STRAIGHT YEAR
Los Angeles, CA - May 10, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the fourth straight year. CB Richard Ellis is the only commercial real estate services firm ever to be included in the FORTUNE 500.
Sarasota’s M&I Bank Building Completes First Phase of $1.3 Million Renovation Project
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
WESTBURY AT LAKE BRANDON APARTMENTS SOLD FOR $33.1 MILLION
Tampa Bay, FL - April 28, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) arranged the sale of Westbury at Lake Brandon Apartments located in Brandon, Florida for $33.1 million, or $90,437 per unit. The 366-unit, Class A apartment community was purchased by Alliance Residential Company, a private investment company based in Phoenix, Arizona.
EDGE PRINCIPAL ADVISORS AND PENN-FLORIDA FORM JOINT VENTURE TO ACQUIRE EAST TAMPA OFFICE BUILDNGS
Tampa Bay, FL - April 27, 2011 - (RealEstateRama) -- Two East Tampa office buildings have been purchased by a new partnership between Penn-Florida Companies and Edge Principal Advisors, LLC. The new venture took ownership of Lakeview Center, a 187,500-square-foot office campus, and Eastpointe, an 85,063-square-foot office building, on March 25, 2011. The two buildings are conveniently located immediately off of I-4 on MLK Boulevard. The partnership made the strategic purchase to aggressively re-introduce the assets into the market. Over 50% of the rentable space had been occupied by Bank of America for the past seven years and is now available
PORTFOLIO OF 76/CONOCO PHILLIPS SERVICE STATIONS SITES TO BE SOLD ABSOLUTE ON THE AUCTION...
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...
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.
CB RICHARD ELLIS GROUP, INC. APPOINTS ASIEH MANSOUR HEAD OF RESEARCH FOR THE AMERICAS
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...
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...
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.
