July 22, 1999 |
Faced with a slowdown in commercial property sales and leasing, Los Angeles-based CB Richard Ellis Services Inc. on Wednesday said its second-quarter results would be 50% below Wall Street estimates, spurring the huge real estate services and brokerage firm to reorganize and lay off managers.
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.
May 5, 2005 |
Real estate services firm CB Richard Ellis Group Inc. reported improved earnings in the first quarter as office leasing increased and the real estate investment market remained robust. The Los Angeles company posted a profit of $14.6 million, or 19 cents a share, contrasted with a net loss of $16.6 million, or 26 cents, a year earlier. Revenue increased 22% to $538.3 million.
October 30, 2007 |
CB Richard Ellis Group Inc., the world's largest commercial real estate broker, said Monday that its third-quarter profit rose 24.5%, helped by investment sales brokerage and international leasing. Net income rose to $114.9 million, or 48 cents a share, from $92.3 million, or 39 cents, a year earlier, the Los Angeles-based company said. Revenue increased 54% to $1.49 billion.