CB Richard Ellis

Infobox_Company
company_name = CB Richard Ellis Group, Inc.
company_
company_type = Public (nyse|CBG)
foundation = 1773
location = Los Angeles, California, USA
key_people = Richard C. Blum, Chairman
W. Brett White, President, CEO & Director
Kenneth J. Kay, CFO & SEVP
industry = Commercial Real Estate Services
products = Asset Services, Brokerage, Capital Markets, Consulting, Corporate Services, Debt & Equity Financing, Facilities Management, Industrial, Investment Brokerage/Agency, Investment Management, Mapping Services, Project Management, Property Management, Research & Investment Strategy, Retail, Specialty Services and Valuation & Advisory Services
num_employees = 29,000
revenue = profit $6.034 billion USD (2007)
slogan = "Local real estate. Worldwide." and "Thinking locally, Operating Globally"
homepage = [http://www.cbre.com/ www.cbre.com] [ [http://biz.yahoo.com/ic/42/42894.html Yahoo Business: company profile-CB Richard Ellis] ] |

CB Richard Ellis Group, Inc. nyse|CBG (known as CBRE) is the world's largest commercial real estate services company. The multinational's corporate headquarters is currently based in the Westwood section of Los Angeles, California, U.S.A. and manages 1.9 billion square feet of building space from more than 300 offices in more than 50 countries.

History

*Richard Ellis International, Limited was founded in London in 1773.
*Tucker, Lynch & Coldwell was established in 1906.
*Benjamin Banker is named partner in 1914.
*Tucker Lynch was renamed Coldwell, Banker & Co in 1940.
*In 1969, Coldwell Banker began trading stock.
*The New York commercial real estate firm Sutton & Towne, Inc was acquired by Coldwell Banker in 1980.
*Sears, Roebuck & Co. acquired Coldwell Banker in 1981.
*In 1989, the Coldwell Banker Commercial Division (CB Commercial) was spun off as a separate company from Coldwell Banker Real Estate and sold to a group of investors, management and employees.
*CB Commercial acquired: Westmark Realty Advisors in 1995, L.J. Melody & Company mortgage bankers in 1996, Koll Real Estate Services in 1997 and Hiller Parker in 1998.
*CB Commercial went public in 1996.
*The merger of CB Commercial and Richard Ellis International, Limited (REI Ltd.) in 1998 resulted in a new company named, CB Richard Ellis (CBRE).
*In 1999, Japanese operations were merged with Ikoma Corporation; Sweden's Profit Group and Chile's LirAntunez Propiedades were acquired.
*CBRE was privatized in 2001.
*Insignia Financial Group was acquired in 2003.
*For a second time, CBRE went public on the New York Stock Exchange in 2004. [ [http://www.fundinguniverse.com/company-histories/CB-Richard-Ellis-Group-Inc-Company-History.html Funding Universe.com: Company Histories-CB Richard Ellis Group, Inc.] ]
*At the end of 2006, CBRE completed the acquisition of competitor Trammell Crow Co. in a transaction valued at $2.2 billion. [ [http://www.bizjournals.com/memphis/stories/2006/12/18/daily25.html?f=et67&hbx=e_du Memphis Business Journal: December 20, 2006-CBRE completes Trammell Crow takeover] ] [ [http://www.cbre.ca/EN/About+Us/Our+History.htm CBRE website: Our History] ]

Overview

CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis 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. CB Richard Ellis is the only commercial real estate services company named one of the 50 “best in class” companies by BusinessWeek, and was also named one of the 100 fastest growing companies by Fortune.

Mission Statement

The mission of CBRE is to deliver superior results for stakeholders by: [ [http://www.cbre.com/EN/About+Us/Corporate+Information/Our+Mission+and+Values.htm CBRE website: Corporate Information-Our Mission and Values] ]
#Putting the client first - always
#Collaborating across markets and service lines
#Thinking innovatively, but acting practically
#Providing a rewarding work environment.

Values

The company believes that their corporate values are the foundation upon which the company was built. Those values are timeless and transcend all markets, service lines, languages and business cultures. To stay successful, the company must R.I.S.E. [ [http://www.cbre.com/EN/About+Us/Corporate+Citizenship/Corporate+Values+-+RISE.htm CBRE website: Corporate Citizenship-Values RISE] ] "RESPECT" - Treat everyone with dignity, value their contributions and help one another succeed
"INTEGRITY" - Uphold the highest ethical standards in business practices
"SERVICE" - Be dedicated to making a meaningful impact with each client and in your communitiy
"EXCELLENCE" - Aspire to be the best in everything you do and strive for continuous improvement

Corporate governance

Current members of the board of directors of the corporation are Richard Blum (chairman), Ray Wirta (vice chairman), Brett White (CEO), Patrice Daniels, Senator Thomas Daschle, Curtis Feeny, Bradford Freeman, Michael Kantor, Frederic Malek, Jane Su, Robert Sulentic and Gary L. Wilson.

Divisions

CBRE has divisions that address virtually every aspect of the commercial real estate market, including:

*Asset Services
**Facilities Management
***Commercial
***Industrial
***Retail
*Brokerage
**Tenant & Landlord Representation using Chinese wall [ [http://www.irr.com/_FileLibrary/PressRelease/12/31504_eprint.pdf Commercial Property News: November 16, 2006-Asset Management Roundtable] ]
**Investment Brokerage/Agency
*Capital Markets
*Management
**Investment (CBRE Investors)
**Project
*Research & Investment Strategy (Torto Wheaton Research)
*Services
**Consulting
**Corporate
**Mapping
**Specialty
**Valuation and Advisory
*Debt & Equity Financing (L.J. Melody & Co.)

Accolades

* Ranked 11th on the Business Week list of top 50 companies for 2008 [ [http://images.businessweek.com/ss/08/03/0327_bw50/source/12.htm Business Week Magazine: March 27, 2008-The BusinessWeek 50, 2008] ]
* One of 41 businesses listed on the Companies that Care "Honor Roll for 2008" [ [http://www.companies-that-care.org/l3_honorroll_5.php Companies that Care website: 2008 Honor Roll] ]
* Fortune 500 for 2008, ranked 404th [ [http://money.cnn.tv/magazines/fortune/fortune500/2008/full_list/401_500.html Fortune magazine: Fortune 500] ]
* Fortune Magazine 100 fastest growing companies in 2008, ranked 33rd [ [http://money.cnn.tv/magazines/fortune/fortunefastestgrowing/2007/snapshots/33.html Fortune magazine: 100 fastest growing companies] ]
* Ranked 29th on the 2008 IAOP Global Outsourcding Leaders list of 100 [ [https://www.outsourcingprofessional.org/download/docdownload.asp?DID=926 International Association of OUtsourcing Professionals: Document-The 2008 Global Outsourcing 100 - FORTUNE 050608.pdf] ]
* 2008 ENERGY STAR Award Winner [ [http://www.energystar.gov/index.cfm?c=pt_awards.pt_es_awards US Government Energy Star website: April 1, 2008-Congratulations to the 2008 ENERGY STAR Award Winnersx!] ]

References

External links

* [http://www.cbre.com/ Corporate website]
* [http://http://www.cbre.com/EN/About+Us/Corporate+Citizenship/ Corporate Responsibility website and 2007 Report]
* [http://www.cbremelody.com/ CBRE Melody website]
* [http://mapping.cbre.com/ CBRE Mapping Center]
* [http://www.twr.com/ Torto Wheaton Research & Investment Strategy]
* [http://www.cbre.ca/ CBRE Canadian website]
* [http://www.cbre.eu/ CBRE EMEA website]
* [http://www.cbre.com.hk/ CBRE CBRE Hong Kong website]
* [http://www.cbre.co.uk/ CBRE UK website]
* [http://www.cbrevietnam.com/ CBRE Vietnam website]
* [http://www.cbresandiego.com/ CBRE San Diego, California website]