July 3, 2001
CB Richard Ellis has opened a new office in Lancaster to serve the Antelope Valley and has named industrial brokers Chuck Hoey and Lenny Dance to staff the office. The company formerly handled Antelope Valley business from its Bakersfield office but needs the new office because of growth in the Antelope Valley, said Vince Roche, a vice president in the Bakersfield office.
February 4, 2005 |
Los Angeles-based CB Richard Ellis Group Inc. reported fourth-quarter profit of $66.4 million, or 88 cents a share, contrasted with a loss of $10.1 million, or 16 cents, in the final quarter of 2003. The real estate services company generated revenue of $798.2 million, up 28.5% from a year earlier. For the full year, the company reported a profit of $64.7 million, or 91 cents a share, contrasted with a net loss of $34.7 million, or 68 cents, for the previous year.
October 26, 2006 |
CB Richard Ellis Group Inc., the big Los Angeles commercial real estate company, said Wednesday that third-quarter profit rose 62% on increased leasing and property management. Net income climbed to $92.3 million, or 39 cents a share, from $56.9 million, or 25 cents, a year earlier. The average estimate of seven analysts surveyed by Thomson Financial was 36 cents a share.
November 28, 2000 |
For some real estate firms, Wall Street has turned into a dead end. Disappointed with their stock's performance, the top managers and key investors of Los Angeles-based CB Richard Ellis Services Inc. this month unveiled a $340-million buyout offer that would take the huge real estate firm private only four years after it joined the New York Stock Exchange. In a more drastic move, the shareholders of Newport Beach-based Pacific Gulf Properties Inc.
June 10, 2004 |
Los Angeles real estate services giant CB Richard Ellis Group Inc. went public Wednesday, raising $135.7 million in a stock offering. It sold 7.14 million shares at $19 each, short of the $20 to $22 sought by managers, according to a filing with the Securities and Exchange Commission. The bulk of the offering's proceeds went to two big CB Richard Ellis stakeholders, Blum Strategic Partners and FS Equity Partners, which sold a total of 16.8 million shares, grossing $319.2 million.
November 25, 2006 |
CB Richard Ellis Group Inc. of El Segundo has been cleared by the Federal Trade Commission to acquire Dallas-based rival Trammell Crow Co. for nearly $1.8 billion. The deal is expected to close next month. The deal, reached in October for $49.51 a share, would create a company with about $4.4 billion in annual revenue, more than 10% of the commercial real estate market, and let CB Richard Ellis tap Trammell Crow's list of blue-chip corporate clients.