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 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.
November 4, 2004 |
Los Angeles-based real estate services company CB Richard Ellis Group Inc. reported a third-quarter profit of $11.9 million, or 16 cents a share, compared with a loss of $28.4 million, or 49 cents, a year earlier. Revenue rose 36% to $575 million. The company, which went public in June, raised its profit forecast for the year to $1.50 to $1.55 a share from $1.45 to $1.55, citing an improving economy and market-share gains. Excluding one-time items, profit was $29.