March 10, 2004 |
Three prominent Los Angeles commercial real estate brokers have left CB Richard Ellis Group Inc. to join Madison Partners and create a full-service boutique real estate firm. Hunt Barnett, Rick Buckley and Chris Houge, who have been involved in some of Southern California's biggest real estate transactions in recent years, resigned from CB Richard Ellis on Tuesday.
July 24, 2003 |
Los Angeles-based CB Richard Ellis, the nation's largest commercial real estate brokerage, on Wednesday completed its acquisition of New York rival Insignia Financial Group for about $431 million in cash. The deal, which was announced in February, gives CB Richard Ellis the more substantial presence in New York and London it has sought for years and combines rival operations in Los Angeles. Few jobs will be cut as a result of the merger, principals said. About 3.
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.