CB Richard Ellis
Overview
 
CBRE Group, Inc. , a Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...

 and S&P 500
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...

 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

The company changed its corporate name from CB Richard Ellis Group, Inc.
Encyclopedia
CBRE Group, Inc. , a Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...

 and S&P 500
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...

 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

The company changed its corporate name from CB Richard Ellis Group, Inc. to CBRE Group, Inc. on October 3, 2011.

CBRE received a wide range of accolades and reached numerous milestones in 2011, including being named to the Fortune 500 (#440) and as well as the highest-ranked commercial real estate services company in the magazine’s Most Admired Companies list; the Financial Times’ Best Property Investment Advisor; National Real Estate Investor’s Top brokerage and Property Management Firm in the World; The Lipsey Company’s #1 brand for 10 consecutive years; Newsweek
Newsweek
Newsweek is an American weekly news magazine published in New York City. It is distributed throughout the United States and internationally. It is the second-largest news weekly magazine in the U.S., having trailed Time in circulation and advertising revenue for most of its existence...

’s greenest real estate firm in the magazine's 2011 green rankings (CBRE has also been the highest ranked real estate company in each of the three years that Newsweek has published its rankings); the United States Environmental Protection Agency
United States Environmental Protection Agency
The U.S. Environmental Protection Agency is an agency of the federal government of the United States charged with protecting human health and the environment, by writing and enforcing regulations based on laws passed by Congress...

 (EPA) 2011 Energy Star
Energy Star
Energy Star is an international standard for energy efficient consumer products originated in the United States of America. It was first created as a United States government program during the early 1990s, but Australia, Canada, Japan, New Zealand, Taiwan and the European Union have also adopted...

 Partner of the Year Sustained Excellence Award; one of InfoWeek’s top 500 innovative users of business technology, ranked #42; and the only real estate company among NetProspex’s top 100 users of social media.

History

The firm that is now CBRE traces its roots back to California in the early 20th century. Following the 1906 San Francisco earthquake, Tucker, Lynch & Coldwell was established on August 27, 1906, and renamed Coldwell, Banker & Company in 1940. That firm became one of the largest commercial real estate services companies in the western United States. In 1989, employees and others acquired the company's operations to form CB Commercial. The company subsequently acquired Westmark Realty Advisors—now CBRE Investors—in 1995; L.J. Melody & Company—now CBRE Capital Markets—in 1996; Koll Real Estate Services in1997. Following CB Commercial’s 1998 acquisition of Richard Ellis International Limited—which traced its roots to London in 1773—the company changed its name to CB Richard Ellis, and today is known as CBRE.

In July 2003, CBRE and Insignia Financial Group were brought together. In June 2004, CBRE completed a successful initial public offering and began trading its Class A Common Stock on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...

. In 2005, CBRE was first recognized as a Fortune 1000 company, and in 2006 it was added to the S&P 500. In late 2006, CBRE merged with Trammell Crow Company
Trammell Crow Company
Trammell Crow Company is a Dallas-based real estate development, investment and operations company founded by the late Trammell Crow, and operated as an independent subsidiary of CB Richard Ellis. It was founded by Trammell Crow in 1948 and purchased in late 2006...

 in a transaction valued at $2.2 billion.

In 2009, CBRE was ranked in the BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...

 list of 50 "best in class" companies across all industries—the third year in a row that it was included in this list of elite companies. In 2010, CBRE was voted best property investment advisor by the Financial Times, and was named the top real estate outsourcing company by Frost & Sullivan and The Black Book of Outsourcing. CBRE also ranked number 30 in Newsweek’s list of the “greenest big companies” and was the highest-ranked real estate company.

CBRE is the first—and only—commercial real estate services company included in the prestigious Fortune 500, ranking at 440 in 2011. In 2011, CBRE was also voted the most admired real estate services company in Fortune’s most admired companies survey. It also became the highest-ever ranked real estate services company in the prestigious IAOP ranking of outsourcing companies across all industries.

In February 2011, CBRE entered into a definitive agreement to acquire ING’s real estate investment management business in Europe and Asia and its listed securities business, creating an enterprise with more than $90 billion of investment assets under management.

Services

CBRE’s comprehensive, fully integrated global platform features the following services: Asset Services, Brokerage, Capital Markets, CBRE Consulting, CBRE Hotels, Debt & Equity Financing, Development & Investment (Trammell Crow Company), Econometric Advisors, Facilities Management, Federal Lessor Advisory, Global Corporate Services, Healthcare, Industrial Services, Investment Banking, Investment Brokerage/Agency, Investment Management (CBRE Investors), Loan Sales, Office Services, Project Management, Public Institutions & Education, Recovery & Restructuring Services, Retail Services, Specialty Services, Transaction Management and Valuation & Advisory Services, and many more.

Corporate responsibility

In 2007, CBRE became the first company in the commercial real estate industry to adopt a company-wide environmental policy, and one of the few global companies to become carbon neutral for 2010. CBRE also fulfills its role as a responsible corporate citizen by adding value to the communities in which its employees live and work. CBRE Cares—the company’s corporate giving and volunteerism arm in the U.S.—supports a variety of charitable endeavors, both large and small in scope, through local community outreach and support, disaster-response initiatives, and locally driven, nationally sanctioned programs.

In 2011, CBRE was named to Companies That Care’s Honor Roll for the fourth year in a row, in recognition of its commitment to community service and the strong values exhibited in its daily business practices.

See also

  • Cassidy Turley
    Cassidy Turley
    Cassidy Turley is a privately owned commercial real estate services firm. It was launched on March 1, 2010 with the unification of nine regional firms across the U.S. Cassidy Turley has approximately 3,400 employees in 60 national offices and manages a property portfolio of 455 million square feet...

  • Holliday Fenoglio Fowler
    Holliday Fenoglio Fowler
    HFF , with its affiliate HFF Securities L.P., is a large provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers a range of capital solutions including debt, equity, financial advisory, investment sales, loan sales and loan...

  • Cushman & Wakefield (C&W)
  • Studley, Inc.
    Studley, Inc.
    Julien J. Studley, Inc. is a commercial real estate brokerage company headquartered in New York City, which specializes in tenant representation. The company was founded in 1954, and the CEO is Mitchell Steir....

  • Savills
    Savills
    Savills plc is a global real estate services provider listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. They have an international network of more than 200 offices and associates throughout the Americas, the UK, continental Europe, Asia Pacific, Africa and the Middle...

  • Jones Lang LaSalle
    Jones Lang LaSalle
    Jones Lang LaSalle, Inc. is a multinational financial and professional services company specializing in real estate. Global headquarters are located in Chicago, with an operational remit covering the Americas regional market...

     (JLL)
  • Marcus & Millichap
    Marcus & Millichap
    Marcus & Millichap Real Estate Investment Services is a commercial real estate brokerage firm. The company specializes in selling large shopping centers and apartment buildings...

  • Brookfield Properties
    Brookfield Properties
    Brookfield Office Properties Inc. is a North American commercial real estate company. Brookfield Asset Management owns fifty percent of its outstanding common shares. The company has its headquarters operations in New York City and Toronto...

  • Colliers International
    Colliers International
    Colliers International is a global commercial real estate services organization with approximately 12,500 professionals in more than 500 offices in 61 countries....

  • Knight Frank

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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