October 6, 2007 |
Female employees of real estate brokerage CB Richard Ellis Group Inc. may recover as much as $150,000 in damages each under terms of a class-action sexual harassment lawsuit settlement reached this week. The total cost of the settlement is unclear, but women who worked for the Los Angeles-based company in the last eight years may pursue claims, according to papers filed Thursday in U.S. District Court in Chicago.
July 31, 2007 |
Real estate services company CB Richard Ellis Group Inc. on Monday reported that profit more than doubled in the second quarter of 2007 on strong commercial real estate transaction activity across the globe and a major acquisition. The largest international commercial real estate brokerage is benefiting from a wave of U.S.
May 31, 2007 |
CB Richard Ellis Group Inc. said it would go "carbon neutral" by 2010 -- cutting its creation of greenhouse gases to virtually nothing by reducing energy use and, if necessary, buying carbon offsets. The National Resources Defense Council said the El Segundo-based company was the first major commercial real estate services company to declare its commitment to environmentally friendly practices meant to reduce global warming.
February 7, 2007 |
CB Richard Ellis Group Inc., the largest commercial real estate broker by market value, said fourth-quarter earnings climbed 31% on increased demand for office and retail space in the U.S., Europe and Asia. Net income rose to $125.1 million, or 53 cents a share, from $95.4 million, or 41 cents, a year earlier, the El Segundo-based company said. Revenue increased 36% to $1.41 billion. Analysts in a Bloomberg survey estimated profit at CB Richard Ellis of 55 cents a share for the quarter.
December 21, 2006 |
With strong global demand for office and industrial space fueling a worldwide commercial real estate boom, it makes sense for property service firms to get bigger. Brett White intends to stay the biggest. White is chief executive of El Segundo-based CB Richard Ellis Group Inc., which has cemented its position as the world's largest commercial real estate services company in recent years by snapping up rivals while expanding its own business.
November 23, 2006 |
The owner of Chicago's Sears Tower, the tallest building in North America, will end its agreement with CB Richard Ellis Group Inc. as the building's management and leasing agent at the end of the year. The Sears Tower's ownership group is interviewing brokerage firms to handle the account. Los Angeles-based CB Richard Ellis, which last month agreed to buy Trammel Crow Co. for $1.9 billion, will remain the leasing agent until a new one is hired.
November 1, 2006 |
CB Richard Ellis Group Inc., the world's biggest commercial real estate firm, agreed Tuesday to buy rival Trammell Crow Co. for $1.8 billion in cash in a deal that would boost its business catering to blue-chip companies. The deal signals a consolidation trend among commercial real estate firms, as top players seek to get bigger and offer more services amid a booming office and industrial property market, analysts said.
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.