Advertisement
YOU ARE HERE: LAT HomeCollectionsRichard Ellis
IN THE NEWS

Richard Ellis

FEATURED ARTICLES
BUSINESS
July 9, 1998 | Jesus Sanchez
CB Richard Ellis, a Los Angeles-based real estate services firm, has acquired London-based Hillier Parker May & Rowden in a deal valued at about $100 million. The acquisition gives CB Richard Ellis--formerly CB Commercial--a major presence in Britain, where the company will be known as CB Hillier Parker. CB will pay $70.1 million in cash and stock for Hillier Parker--which employs 500 workers in six offices--and assume responsibility for paying various annuities at a cost of about $15 million.
ARTICLES BY DATE
BUSINESS
July 28, 2011 | By Roger Vincent, Los Angeles Times
Profit and revenue at the world's largest commercial property brokerage grew in the second quarter as sales and leasing activity picked up. Los Angeles-based CB Richard Ellis Group Inc. said the company's revenue from arranging real estate transactions increased globally as investors returned to the property market and businesses hastened to take advantage of reduced rents. "Despite continued uncertainty in the macro environment, revenue rose by double digits in nearly every service line in all three geographic regions," Chief Executive Brett White said.
Advertisement
BUSINESS
May 5, 1998 | JESUS SANCHEZ, TIMES STAFF WRITER
Los Angeles-based CB Commercial on Monday announced it has changed its name to CB Richard Ellis, reflecting the merger with a London-based real estate services firm. The two companies announced the deal in December, when CB Commercial agreed to pay $100 million cash and stock for REI Ltd., which operates under the name Richard Ellis in 28 countries. The union, which was finalized late last month, created a global real estate services firm with more than 8,000 employees spread over 200 offices.
BUSINESS
February 16, 2011 | By Roger Vincent, Los Angeles Times
CB Richard Ellis Group Inc. has agreed to buy ING Group's real estate investment management business in a $940-million deal that would make CB Richard Ellis the global leader in that business. Los Angeles-based CB Richard Ellis, already the world's largest commercial real estate brokerage, said that the proposed transaction, announced Tuesday, would substantially increase its footprint in Asia and Europe by taking over ING Group's 20 investment offices and 760 employees. Investment managers raise money from pension funds, universities and other institutional investors and buy commercial real estate such as offices, warehouses and shopping centers on their behalf.
BOOKS
August 3, 1997
To the Editor: As a first-time novelist, I have been forewarned to ignore the good, the bad and the ugly when it comes time for critics to review my work. I do not write to please literary critics; I write to please readers who just want to enjoy the act of escaping in an action-packed commercial novel. But after reading Ellis' castigation of "Meg" (Book Review, July 20), I felt a response was in order. Ellis, who authored "The Great White Shark," vehemently attacks everything from the title of the book to my research, which depicts "sharks and whales behaving like unknown animals from the planet Zargon.
BOOKS
July 20, 2008 | John Balzar, John Balzar, formerly a staff writer and columnist for The Times, is senior vice president of communications at the Humane Society of the United States and author of "Yukon Alone."
In this age of abundant information, Richard Ellis proves that there is still more of it, boatloads more, to be harvested from our troubled oceans. In "Tuna," one foreboding fact is heaped on another, interspersed with snippets of sorrowful detail, all pointing to -- where else? -- the brink.
ENTERTAINMENT
August 13, 2004 | Kai Maristed, Special to The Times
No Turning Back The Life and Death of Animal Species Richard Ellis HarperCollins: 428 pp., $25.95 * In "No Turning Back," conservationist Richard Ellis grapples with a vast, complex and eerily depressing panorama of loss. In dedicating his 14th book to his newborn granddaughter, he concedes: "I understand that extinction may not be the ideal subject with which to welcome a newcomer." Death and taxes we can count on, but does a grimmer fate await?
ENTERTAINMENT
November 22, 2009 | By Susan Salter Reynolds
The Snow Tourist A Search for the World's Purest, Deepest Snowfall Charlie English Counterpoint: 272 pp., $15.95 paper Even my daughter, who has grown up in Los Angeles, feels a hankering for snow in November; the smell of it, the feel of it in the air before it falls, the color of a sky heavy with it. Charlie English grew up in northern England. A few weeks before his father killed himself, he gave Charlie and his brother "copies of a photograph of himself as a young man on skis in an Austrian resort, framed by a bank of spring snow."
BUSINESS
June 10, 2004 | Roger Vincent, Times Staff Writer
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.
BUSINESS
February 18, 2004 | Roger Vincent, Times Staff Writer
Los Angeles real estate services giant CB Richard Ellis Group Inc. wants to go public -- again. The company plans to sell as much as $150 million worth of stock in an initial public offering, according to a Tuesday filing with the Securities and Exchange Commission. The filing didn't reveal how many shares the company planned to sell, an estimated offering price or when the shares would be sold. The money would be used to pay off debt -- including the remaining $38.
BUSINESS
February 4, 2011 | By Roger Vincent, Los Angeles Times
Growth accelerated in the fourth quarter for the world's largest commercial property brokerage as the economies improved in Asia and the United States and more companies made real estate decisions. Los Angeles-based CB Richard Ellis Group Inc. exceeded Wall Street's earnings expectations, posting double-digit gains Thursday in every global business line except real estate development services. "Companies are trying to lock in real estate leases or buy property before prices get out of control," said analyst Craig Silvers, president of Bricks & Mortar Capital.
BUSINESS
September 13, 2010 | By Roger Vincent, Los Angeles Times
After slipping into the red in early 2009, Los Angeles commercial real estate brokerage CB Richard Ellis Group Inc. climbed back to profitability as business improved and the company found new sources of revenue. CB Richard Ellis turned a profit in the second half of last year that was fueled by internal cuts and a real estate rebound in Asia. Revenue has continued to grow this year as property sales and leasing picked up in Europe and the U.S. The industry's largest brokerage firm has about 29,000 employees in more than 300 offices worldwide.
BUSINESS
July 28, 2010 | By Roger Vincent, Los Angeles Times
CB Richard Ellis Group Inc., the world's largest commercial real estate brokerage, reported a return to the black in the second quarter as revenue rose in nearly all its business lines around the world. Although much of the local commercial property market remains depressed, improving global conditions allowed the Los Angeles company to report a profit of $54.8 million, or 17 cents a share, compared with a net loss of $6.6 million, or 2 cents, in the second quarter of 2009. The company posted adjusted earnings of 18 cents a share after deducting select charges, well ahead of Wall Street analysts' prediction of 9 cents.
BUSINESS
April 29, 2010 | By Roger Vincent, Los Angeles Times
CB Richard Ellis Group Inc., the world's largest commercial real state brokerage, reported a first-quarter loss Wednesday but said the business of selling and leasing buildings was picking up. The Los Angeles-based company said it had a net loss of $6.6 million, or 2 cents a share, compared with a loss of $36.7 million, or 14 cents, in the same period a year ago. The company posted adjusted earnings of 1 cent a share after deducting one-time...
ENTERTAINMENT
November 22, 2009 | By Susan Salter Reynolds
The Snow Tourist A Search for the World's Purest, Deepest Snowfall Charlie English Counterpoint: 272 pp., $15.95 paper Even my daughter, who has grown up in Los Angeles, feels a hankering for snow in November; the smell of it, the feel of it in the air before it falls, the color of a sky heavy with it. Charlie English grew up in northern England. A few weeks before his father killed himself, he gave Charlie and his brother "copies of a photograph of himself as a young man on skis in an Austrian resort, framed by a bank of spring snow."
BUSINESS
October 29, 2009 | Roger Vincent
The long-running torment of the commercial real estate industry dragged on in the third quarter, but the world's largest brokerage of office buildings, warehouses and other business properties managed to eke out a small profit. CB Richard Ellis Group Inc. reported net income of $12.4 million, or 4 cents a share, after spending the first two quarters of the year in the red. However, profit was down 69% from $40.4 million, or 15 cents a share, in the same period last year. The Los Angeles company posted adjusted earnings of 8 cents a share after deducting one-time charges mostly related to cost-cutting measures.
REAL ESTATE
February 24, 1985
Christopher D. Budden has been elected president of Richard Ellis Inc., real estate consultants with offices in New York, Atlanta, Chicago, Houston, San Francisco, Los Angeles and 24 other cities in 13 countries worldwide.
CALIFORNIA | LOCAL
July 23, 1985 | United Press International
Abraham Ellis, the "Hatcheck King" who went from rags to riches running concessions in New York City nightclubs, died Friday of a heart attack at his home in Orange, N.J. He was 84. Ellis earned the nickname in the 1940s when he ran hatcheck concessions at popular New York City night spots and hotels, including the Copacabana, Latin Quarter, Toots Shor's, the Algonquin and the St. Regis.
Los Angeles Times Articles
|