News

CB Richard Ellils Group, Inc. reports full year 2008 revenue of $5.1 billion and earnings per share of $0.97.CB Richard Ellis reported full year 2008 revenue of $5.1 billion and diluted earnings per share of $0.39. For the fourth quarter of 2008, revenue was $1.3 billion and diluted earnings per share was $0.03. These diluted earnings per share amounts do not include the impact of significant, pen...

Despite a weakened European commercial property investment market in 2008, sales of commercial real estate by occupiers remained an important source of activity last year. Although there was a sharp fall-off in the amount of public sector real estate sold in 2008, owner-occupier sales maintained their approximately 19% share of the total investment market in 2008, according to figures released tod...

CB Richard Ellis Group, Inc. (CBRE) announced that it has signed an affiliate agreement with Magazin Magazinov, one of Russia’s premier retail property services companies. The agreement extends CBRE’s leadership in the European retail sector and follows the recent acquisition of retail specialists in Italy (Espansione Commerciale) and Belgium (C&T Retail).Founded in 1999 by managing director Anna...

CB Richard Ellis Group, Inc. (CBRE) announced its selection as a primary advisor to the Federal Deposit Insurance Corporation (FDIC) for portfolios of Owned Real Estate (ORE) nationwide. The CBRE-led team will be responsible for the management and marketing of residential and commercial ORE throughout all 50 states, Puerto Rico and the U.S. Virgin Islands. The portfolios will be comprised of asset...

CB Richard Ellis Group, Inc. announced that European commercial real estate investment turnover slowed to €19.5 billion in Q4 2008, following two consecutive quarters of more stabilised turnover levels of around €27-28 billion. This brings the total 2008 turnover to €116 billion, a level comparable with that registered in 2004.Almost every market saw a decline in activity compared to the third qua...

A group of licensed appraisers at Scot Holland | CB Richard Ellis | Kazakhstan has completed the valuation of a land plot in Astana for the “Lior Corporation” – a daughter company of ‘Macpell’. The valuation of the land plot with a total area of 58 hectares was ordered by the Client for accounting purposes, and for an IPO process on the Tel-Aviv Stock Exchange. The valuation work was performed pur...

The company continues Gulf-wide expansion.CB Richard Ellis announced the opening of a new office in Bahrain, one of the foremost financial services and real estate centres of the Middle East and North African region (MENA). The new office represents an important building block in the development of the firm’s Middle Eastern business.Despite the turmoil in the global financial markets, the Gulf’s r...

CB Richard Ellis published its Research’s semi-annual Global MarketView/Office Occupancy Costs survey that tracks world markets.London’s West End and Moscow remain the world’s two most expensive office markets, respectively, while Hong Kong’s CBD, Tokyo’s Inner Central District and Mumbai’s Nariman Point round out the top five, according to CB Richard Ellis Research’s semi-annual Global MarketView...

CB Richard Ellis Group. Inc (NYSE:CBG) reported revenue of $1.3 billion for the third quarter of 2008, compared with $1.5 billion for the third quarter of 2007. The Company reported net income of $40.4 million, or $0.19 per diluted share, for the third quarter of 2008, compared with net income of $114.9 million, or $0.48 per diluted share, for the same quarter last year.CB Richard Ellis continued...