Together with its partners and affiliates, Los Angeles-based CB Richard Ellis (CBRE) serves real estate owners, investors, and occupiers of 2,100 office buildings (349 million square feet); 1,000 shopping centers (70 million square feet); 200 “other commercial” buildings (31 million square feet in facilities management for office, industrial, and retail); 1,100 industrial buildings (222 million square feet); and 14,300 corporate buildings (150 million square feet) for an astounding management portfolio of 822 million square feet of space. With 300 principal offices in 50 countries, the company’s core services portfolio includes strategic advice and execution for property leasing and sales; property, facilities, and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting. As of Dec. 31, 2003, CB Richard Ellis had approximately 13,500 employees in 220 offices worldwide. The firm reports 1,000 projects under way and to be completed in 2004 for a total of 14 million square feet. An unrivaled $431 million acquisition of Insignia Financial Group in late July 2003 made CBRE the undisputed leader in the world’s two largest and most significant business centers – New York City and London. The company’s investment management business (CB Richard Ellis Investors) manages more than $14 billion in real estate assets, and its loan servicing portfolio totals $11 billion.
[Editors’ Note: One year later, following the acquisition of Insignia Financial Group (which could have proved unwieldy for this mega-giant), CB Richard Ellis continues to deliver … more, better, faster. Throughout the heightened competition for property management assignments this year, and with an industry focused on doing more with less, the ever-growing CB Richard Ellis retains its ability to deliver tangible results. How? As noted in last year’s “A-List” report, “Market intelligence, critical analytical thinking, technology, and resources meld superbly with the organization’s simple guidelines: put clients first; enable clients to make the most informed real estate decisions; tailor products and services for each client’s needs; be creative; and deliver top results.” This year, CB Richard Ellis Group Inc. completed a successful initial public offering and began trading its Class-A Common Stock on the New York Stock Exchange.]