CBRE
Colonial Place I & II Delivers Approx. 70,000 SF In Lease Transactions During March
Tampa Bay, FL - March 23, 2011 - (RealEstateRama) -- CB Richard Ellis (CBRE) negotiated 65,000 square feet in lease renewals and a new 4,500-square-foot lease at Colonial Place I & II in Westshore. Totaling 371,674 rentable square feet, the two Class A office buildings are owned by DRA/Colonial Properties Trust. CBRE's Brian Devlin and Clay Wommack provided representation on behalf of the ownership.
CBRE’s Leading Market Share in Florida Supported by Fortune’s Roster Most Admired Companies
Tampa, FL - March 9, 2011 - (RealEstateRama) -- CB Richard Ellis Group Inc. (CBRE) has been named to the annual roster of the Most Admired Companies in the U.S. real estate industry compiled by Fortune magazine. “CBRE’s inclusion as one of the real estate industry’s most admired companies supports our leadership in the market,” says Mary Jo Eaton, CBRE senior managing director for Florida. On average, CBRE’s market share is twice that of the nearest competitor for the top office and industrial transactions in Florida
CB RICHARD ELLIS GROUP, INC. ANNOUNCES COMPLETION OF FINANCING FOR ING REAL ESTATE INVESTMENT...
Los Angeles, CA - March 8, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has raised $800 million of new term loans under its credit agreement to finance the acquisition of the real estate investment management businesses it is acquiring from Netherlands-based ING Group N.V.
CB RICHARD ELLIS GROUP, INC. NAMED PREMIER COMMERCIAL REAL ESTATE BRAND FOR 10th STRAIGHT...
Los Angeles, , CA - March 3, 2011 - (RealEstateRama) -- CB Richard Ellis Group Inc. (NYSE:CBG) today announced that CB Richard Ellis has been named the premier global brand in commercial real estate, according to a survey of industry professionals worldwide by The Lipsey Company. CB Richard Ellis has been voted the industry’s top brand for ten consecutive years, ever since Lipsey inaugurated its survey in 2002.
CB RICHARD ELLIS NO. 1 IN U.S. INVESTMENT SALES ACTIVITY IN 2010
Los Angeles, CA - February 18, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc (CBRE) was the No. 1 firm in U.S. investment sales activity for commercial property, according to Real Capital Analytics (RCA) data. CB Richard Ellis led the RCA list for the 10th consecutive year with a 14.8% market share in 2010.
CB Richard Ellis Group, INC. Announces Definitive Agreements to Acquire Majority of ING Group...
Los Angeles, CA - February 15, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has entered into definitive agreements to acquire the majority of the real estate investment management business of Netherlands-based ING Group N.V. (ING) for approximately $940 million in cash. The acquisitions include substantially all of the ING Real Estate Investment Management (ING REIM) operations in Europe and Asia, as well as Clarion Real Estate Securities (CRES), its U.S.-based global real estate listed securities business. CB Richard Ellis will not acquire ING’s U.S.-based private market real estate investment management company.
CB RICHARD ELLIS CAPITAL MARKETS ANNOUNCES ADDITIONAL LEADERSHIP ENHANCEMENTS
Los Angeles, CA - February 11, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced the promotions of Michael J. Riccio and Mitchell W. Kiffe to Senior Managing Director, Capital Markets, reflecting their expanded responsibilities as Co-Heads of Production for CBRE’s Debt & Equity Finance practice. In his new role, Mr. Riccio will focus on expanding life company correspondent and lender relationships while remaining the northeast Debt & Equity Finance regional leader and continuing to serve long-standing institutional accounts. Mr. Kiffe will continue his multi-family market focus while also seeking to enhance CBRE’s collaboration with Freddie Mac, Fannie Mae and the FHA as well as other capital sources
CB RICHARD ELLIS ANNOUNCES LAUNCH OF PROPRIETARY, ONLINE REAL ESTATE LOAN AUCTION SERVICE
Los Angeles, CA - February 1, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced the launch of a new, proprietary online real estate loan auction service. This new platform expands the company’s capabilities for assisting sellers in the disposition of commercial real estate loans.
THE MARQUIS AT WILLIAMSBURG, AN INSTITUTIONAL QUALITY RETAIL CENTER IN VIRGINIA, HITS THE AUCTION...
New York, NY - January 27, 2011 - (RealEstateRama) -- Paul Galanis, Managing Director of CBRE Auction Services announced today that The Marquis at Williamsburg, a 268,691-square-foot partially completed retail center located at 196 & 500 Marquis Parkway in Williamsburg, VA, will be sold absolute regardless of price, in an open outcry auction on March 10, 2011.
CB RICHARD ELLIS ENHANCES AND EXPANDS CAPITAL MARKETS LEADERSHIP
Los Angeles, CA - January 26, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) has announced that Chris Ludeman will join Brian Stoffers as co-president of the firm’s Capital Markets businesses. In his expanded role, Mr. Ludeman will provide client-facing leadership for the company’s office, industrial and retail Investment Properties efforts along with its Institutional Group, Global Property Advisors and Private Client Group activities. Mr. Stoffers will continue to lead CBRE’s Debt and Equity Finance, agency and loan servicing businesses, as well as oversee the multi-housing, hotel/lodging and investment banking practices. Mr. Ludeman will continue as President, Americas Brokerage, overseeing CBRE’s tenant rep and agency leasing business lines
CB RICHARD ELLIS TO PARTNER WITH REBUILDING TOGETHER FOR NFL-SANCTIONED ‘KICKOFF TO REBUILD’ CHARITY...
Dallas, TX - January 25, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) has announced that it will join Rebuilding Together on Thursday, February 3, to help revitalize a dozen homes in need of repair and perform general community clean-up in the Arlington, Texas, neighborhood of Drummond Drive as a sponsor of the nonprofit‘s 16th annual Kickoff to Rebuild charity event.
CB RICHARD ELLIS APPOINTS MICHAEL CAFFEY SENIOR MANAGING DIRECTOR, DALLAS/FORT WORTH
Dallas, TX - January 14, 2011 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) has appointed Michael Caffey as Senior Managing Director and Dallas/Fort Worth market leader. In that role Mr. Caffey will be responsible for overseeing all business lines for CB Richard Ellis in the North Texas market area as well as the Company’s Oklahoma affiliate operations. Mr. Caffey is currently a Managing Director in CBRE’s Dallas office. He succeeds Mark Fewin, who was named last November as Global Leader for Project Management Services
U.S. OFFICE AND INDUSTRIAL VACANCY RATES CONTINUED TO DROP IN Q4 2010
Boston, MA - January 7, 2011 - (RealEstateRama) -- The national vacancy and availability rates in the U.S. office and industrial markets, continued to decline in the fourth quarter (Q4) of 2010, according to the latest analysis from CBRE Econometric Advisors (CBRE-EA). In Q4, the national office vacancy rate fell by 20 basis points (bps) to16.4%, the second consecutive quarterly decline. The national industrial availability1 rate decreased by 30 basis points in Q4 to 14.3%, marking the second consecutive decrease in availability and providing further proof that the industrial sector continues to heal.
U.S. MULTI-HOUSING VACANCY RATE EXPECTED TO HOLD STEADY IN 2011 BEFORE FALLING FURTHER IN...
Boston, MA - December 15, 2010 - (RealEstateRama) -- The U.S. multi-housing vacancy rate is expected to remain relatively stable through 2011, ending the year at 5.8%, before falling further to 5.3% during the course of 2012, according to a new forecast from CBRE Econometric Advisors (CBRE-EA). Multi-family property demand will remain solid, continuing a trend that began when the vacancy rate peaked at 7.4% at the end of 2009.
U.S. INDUSTRIAL REAL ESTATE AVAILABILITY RATE EXPECTED TO DROP TO 13.1% IN 2011
Boston, MA - December 9, 2010 - (RealEstateRama) -- The U.S. industrial real estate sector’s national availability1 rate is expected to fall to 13.1% in 2011, down from 14.0% in the third quarter of 2010, according to new analysis from CBRE Econometric Advisors (CBRE-EA). CBRE-EA forecasts that the industrial availability rate is expected to continue declining during 2012, ending the year at 11.8%. The national industrial availability rate peaked at 14.1% in 2Q 2010.
CB RICHARD ELLIS CEO BRETT WHITE NAMED SERVICE COMPANY EXECUTIVE OF THE YEAR BY...
Los Angeles, CA - December 6, 2010 - (RealEstateRama) -- Brett White, Chief Executive Officer of CB Richard Ellis Group, Inc., has been selected as Service Company Executive of the Year in Commercial Property Executive's 2010 CPE Executive of the Year Awards. This year’s selection marks Mr. White’s third time receiving this prestigious award
U.S. RETAIL AVAILABILITY EXPECTED TO DROP TO 12.7% BY YEAR-END 2011
Boston, MA - November 24, 2010 - (RealEstateRama) --The U.S. retail real estate sector’s availability1 rate is expected to drop to 12.7% by the end of 2011, according to new analysis from CBRE Econometric Advisors (CBRE-EA). CBRE-EA forecasts that the ongoing pick-up in retail sales combined with limited supply will slowly decrease the national availability rate for neighborhood and community centers
CB RICHARD ELLIS PROMOTES MARK FEWIN TO GLOBAL LEADER OF PROJECT MANAGEMENT SERVICES
Los Angeles, CA - November 18, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced that Mark Fewin has been promoted to Executive Managing Director and Global Leader of Project Management Services, effective January 1, 2011. Mr. Fewin succeeds Ken Loeber, who was named to Global Leader of Business Development for CBRE’s Global Corporate Services business line
BUILDING PERFORMANCE AND OCCUPIER SATISFACTION EXPECTED TO PRODUCE IMPROVED RETURN ON GREEN BUILDING INVESTMENTS
Chicago, IL - November 18, 2010 - (RealEstateRama) -- Sustainable buildings are expected to generate stronger investment returns than traditionally managed properties, according to an ongoing study of a national office portfolio managed by CB Richard Ellis. The study found that owners of sustainably managed buildings anticipate a 4% higher return on investment than do owners of traditionally managed buildings, as well as 5% [more] increase in building value. Roughly 79% of owners surveyed believe that sustainable properties perform well in attracting and retaining tenants, yielding a 5% increase in building occupancy and 1% increase in rental income.
NYSE Euronext Selects CB Richard Ellis Group, Inc. to Provide Global Real Estate Transaction...
Los Angeles, CA - November 17, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc (NYSE:CBG) today announced that NYSE Euronext (NYX), a leading global operator of financial markets and provider of innovative trading technologies, has selected CB Richard Ellis as its exclusive outsourcing provider of global real estate transaction management services and its preferred provider of global facilities management services.
CB RICHARD ELLIS’ AFRICAN AMERICAN NETWORK GROUP HOLDS RECORD-BREAKING 6TH ANNUAL CONFERENCE
Dallas, TX - November 15, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc.’s (CBRE) African American Network Group (AANG) recently held its 6th annual conference in Dallas, Texas. More than 80 CBRE professionals participated in this year’s gathering—double the attendance of any prior CBRE-AANG conference.
CB RICHARD ELLIS GROUP INC ANNOUNCES TWO GLOBAL LEADERSHIP POSITIONS WITHIN ITS GLOBAL CORPORATE...
Los Angeles, CA - November 1, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced the promotion of two senior executives within its Global Corporate Services (GCS) business into global leadership roles. The moves are designed to further accelerate the expansion of its GCS business around the world.
BILL MCDADE AND TEAM TO JOIN CB RICHARD ELLIS GROUP
Houston, TX - October 19, 2010 - (RealEstateRama) -- CB Richard Ellis announced today that William McDade, Kristen McDade, Peter Mainguy and Carson Underwood, formerly of McDade, Smith, Gould, Johnston, Mason (MSGJM), will join commercial real estate firm CB Richard Ellis later this year. MSGJM recently announce plans to dissolve the 20-year-old Houston-based real estate brokerage firm.
CHIPOTLE SIGNS NEW LEASE IN PEARLAND
Houston, TX - October 19, 2010 - (RealEstateRama) -- Chipotle Mexican Grill has signed a new lease for 2,397 sq. ft. at The Crossing at 518, which is located in Pearland, Texas. Matt Keener, Russell Janicek and Mark Raines of CB Richard Ellis represented the tenant in this transaction. James Namken and Randy Hopper of the Weitzman Group represented the Landlord.
CB RICHARD ELLIS TO JOIN OTHER FORTUNE 500 COMPANIES AT INAUGURAL CORPORATE REAL ESTATE...
Los Angeles, CA - October 13, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) today announced that it will join with other leading Fortune 500 corporations and public institutions in the launch of an inaugural technology conference for the corporate real estate industry – CoRE Tech 2010. This networking and educational event for corporate real estate practitioners will be held at The Deloitte Building in Chicago on November 9-10, 2010.
CB RICHARD ELLIS NAMES PATRICIA A. NOONEY SENIOR MANAGING DIRECTOR-INSTITUTIONAL SERVICES FOR FLORIDA
Miami, FL - October 12, 2010 - (RealEstateRama) -- CB Richard Ellis (CBRE) today announced that Patricia A. Nooney has been named Senior Managing Director-Institutional Services for Florida, a new position. In this role, Ms. Nooney will oversee the delivery of Brokerage, Project Management, Asset Services and other services to CBRE’s property owner clients, including its 37 million sq.-ft. portfolio throughout the state. She will also coordinate with CBRE’s Capital Markets professionals in delivering debt and equity solutions to these clients.
CBRE Negotiates $2.33 Billion Sale Leaseback on Behalf of the State of California
LOS ANGELES, CA - October 12, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc. (CBRE) announced that it has negotiated a $2.33 billion sale leaseback on behalf of the State of California’s Department of General Services for a portfolio that includes 11 state office buildings located in Los Angeles, Oakland Sacramento, San Francisco and Santa Rosa. The transaction is expected to close in the fourth quarter of 2010.
U.S. OFFICE AND INDUSTRIAL VACANCY RATES DECLINE FOR FIRST TIME IN THREE YEARS
Boston, MA – October 11, 2010 – For the first time in three years, the national vacancy and availability rates in the U.S. office and industrial markets have declined, according to the latest analysis from CBRE Econometric Advisors (CBRE-EA). In the third quarter (3Q) of 2010 the national office vacancy rate fell by 10 basis points (bps) to16.6%, the first drop since the office market correction began in the second half of 2007. The national industrial availability1 rate also recorded its first decline in three years, decreasing 10bps to 14.0% in 3Q 2010
OREGON HEALTH & SCIENCE UNIVERSITY RENEWS CBRE AS REAL ESTATES SERVICES PROVIDER FOR LANDMARK...
Los Angeles, CA - October 7, 2010 - (RealEstateRama) -- CB Richard Ellis Group, Inc (CBRE) today announced that Oregon Health & Science University (OHSU), a leading academic health center and research institution, has renewed its agreement with CBRE to provide comprehensive real estate services for OHSU‟s Center for Health & Healing. The multi-year contract renewal encompasses facilities and project management services, and lease administration for the distinguished 400,000 sq. ft. facility connected to OHSU‟s hospitals, university, and research facilities in Portland, Oregon
CB RICHARD ELLIS ASSIST IN 51,147 SF LEASE RENEWAL AT THE COMMONS AT WILLOWBROOK
Houston, TX - October 5, 2010 - (RealEstateRama) -- CB Richard Ellis has assisted in a 51,147 sq. ft. retail lease renewal to The RoomStore, which is situated in The Commons at Willowbrook retail shopping center and is located at 7690 FM 1960 Road in northwest Houston. Matt Keener, Alex Makris, Jazz Hamilton and Andrew Kelson of CB Richard Ellis represented the landlord, The Commons at Willowbrook, Inc., in this transaction