Who's Who in the Buildings Market 2006: CB Richard Ellis

Sept. 7, 2006
The 2006 A List


CB Richard Ellis
Los Angeles, CA
(213) 438-4880

The international powerhouse CB Richard Ellis (CBRE), with operations in 58 countries, became that way as a result of an initial merger of the commercial portion of Coldwell Banker and the non-UK-based operations of Richard Ellis, followed by the subsequent merger with Insignia Financial/ESG. It hasn’t stopped its growth mode yet. Two more recent company acquisitions - a 51-percent stake in Noble Gibbons, a Russian real estate firm (a former CBRE affiliate), and Polacheck Co., a commercial real estate services company based in Wisconsin - have positioned this organization for even more substantial global growth.

Its leadership within the industry is well-known and respected; in fact, the organization has been named the top brand in commercial real estate for 5 years running, according to an extensive survey of 23,000 real estate professionals worldwide, which is annually conducted by The Lipsey Co. Few global players can match either CBRE’s daunting size or scope. But, the company’s key strength is in its ability to service clients of all sizes - large or small - with a level of expertise and a specialized approach. Customers believe in CBRE’s abilities, because CBRE believes in its customers. A single point of contact within a worldwide reach is CBRE’s unique mantra; company stability is also key. Did we mention that the firm is celebrating its 100th anniversary this year?

In June 2006, the company announced the closing of a $600 million multi-currency revolving credit facility (which included an accordion feature of an additional $200 million) and the completion of a new credit agreement. That ensures more cash flow to invest in the business and continue its acquisition and co-investment programs. Moody’s and S&P recently issued a double-ratings upgrade on the company’s debt, including the new credit facility - a reflection of CBRE’s solid financial performance and balance-sheet improvements.

In addition to its significant specialty services offering, CB Richard Ellis offers another competitive edge: Its independent subsidiary, Torto Wheaton Research (TWR), is able to leverage its tracking and forecasting expertise across the United States and Canadian markets in all property types. TWR offers real estate investors portfolio advisement, debt-risk management, and outlook tools to gauge the market from both a historical and forecasted basis. When combined with CBRE’s transaction knowledge and local market expertise, TWR’s approach means that clients are provided with consistent, accurate, and comprehensive market information and savvy directional investment strategy services.

And - by the way - don’t forget thought leadership. Combined with CBRE’s personal touch, few firms have the ability (or confidence) to translate investment strategies into the kind of maximum returns CBRE is known for.

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