| 16/Nov/09 | CB Richard Ellis Group, Inc. to Webcast Business Review Day Presentations| LOS ANGELES--(BUSINESS WIRE)--Nov. 16, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that the Company
will webcast presentations from its annual Business Review Day in New
York City, New York on Wednesday, November 18, 2009 beginning at 9:00
a.m. eastern time. Various senior executives from the Company will be
presenting.
Live audio webcasts of the presentations will be accessible via the
Investor Relations section of ... |
| | 13/Nov/09 | CBRE Names Maureen Ehrenberg as Global Facilities Management Leader for Global Corporate Services Business| LOS ANGELES--(BUSINESS WIRE)--Nov. 13, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has
named Maureen Ehrenberg as the head of Global Facilities Management for
the Company’s Global Corporate Services (GCS) group. The appointment of
Ms. Ehrenberg, who recently joined CBRE as senior managing director in
its strategic consulting division, reinforces the firm’s management
diversity and depth. GCS provides transaction, facilities... |
| | 12/Nov/09 | Landmark Study Finds Increased Productivity, Lower Vacancy and Higher Rents in Green Buildings|
Results Based on Research by University of San Diego and CB Richard
Ellis Group, Inc.
PHOENIX--(BUSINESS WIRE)--Nov. 12, 2009--
A landmark study conducted by the University of San Diego and CB
Richard Ellis Group, Inc. (CBRE) has found that tenants in green
buildings experience increased productivity and fewer sick days, and
that green buildings have lower vacancy and higher rental rates. The
report, Do Green Buildings Make Dollars and... |
| | 11/Nov/09 | CB Richard Ellis Group, Inc. Announces Completion of $300 Million At-the-Market Public Stock Offering| LOS ANGELES--(BUSINESS WIRE)--Nov. 11, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that it has
completed the sale of shares of its Class A common stock under the
at-the-market offering program announced on November 3, 2009. The
Company sold an aggregate of 28,289,960 shares in open market trading
and direct placements under this program for aggregate gross proceeds of
approximately $300 million. BofA Merrill Lynch served as sales a... |
| | 03/Nov/09 | CB Richard Ellis Group, Inc. Announces Launch of At-the-Market Public Stock Offering of up to $300 Million| LOS ANGELES--(BUSINESS WIRE)--Nov. 3, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that it intends
to sell shares of its Class A common stock, having an aggregate offering
price of up to $300 million, from time to time, pursuant to an
at-the-market offering program through BofA Merrill Lynch, as sales
agent and/or principal.
The Company intends to use the net proceeds from the offering for
general corporate purposes, ... |
| | 30/Oct/09 | CB Richard Ellis Group, Inc. Extends Exchange Offer for Its 11.625% Senior Subordinated Notes Due 2017| LOS ANGELES--(BUSINESS WIRE)--Oct. 30, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that it extended
the expiration date of its offer to exchange $450,000,000 of its 11.625%
Senior Subordinated Notes due 2017, which have been registered under the
Securities Act of 1933, as amended (collectively, the “Exchange
Notes”) for any and all of its outstanding 11.625% Senior
Subordinated Notes due 2017 (collectively, the “Outstanding
... |
| | 28/Oct/09 | CB Richard Ellis Group, Inc. Reports Third Quarter 2009 Financial Results| LOS ANGELES, Oct 28, 2009 (BUSINESS WIRE) -- Tenth paragraph, fifth sentence should read: Remaining term loans and
bonds now mature in 2013, 2015 and 2017 (sted Remaining term loans and
bonds now mature in 2013, 2014 and 2015).
The corrected release reads:
CB RICHARD ELLIS GROUP, INC. REPORTS THIRD QUARTER 2009 FINANCIAL
RESULTS
CB Richard Ellis Group, Inc. (NYSE:CBG) today reported adjusted earnings
per share of $0.08 for the third quarter of 2009 on reven... |
| | 21/Oct/09 | CB Richard Ellis Group, Inc. Expands Investment Banking Services| LOS ANGELES--(BUSINESS WIRE)--Oct. 21, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced the expansion of
its existing U.K.-based investment banking platform into the Americas.
CB Richard Ellis’ investment banking professionals in the Americas will
assist real estate as well as lodging and gaming companies with
recapitalization and restructuring strategies, merger and acquisition
opportunities, and capital-raising needs.
C... |
| | 20/Oct/09 | CB Richard Ellis Group, Inc. Announces Third Quarter 2009 Earnings Conference Call and Webcast| LOS ANGELES--(BUSINESS WIRE)--Oct. 20, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) will release its third quarter
2009 financial results after the market close on Wednesday, October 28,
2009. Management will conduct a conference call to discuss results on
Thursday, October 29, 2009 at 10:30 a.m. Eastern Time.
The call will be webcast by Thomson Reuters and accessible through the
Investor Relations section of the Company’s Web site at www.c... |
| | 07/Oct/09 | Cisco Systems Awards CB Richard Ellis Group, Inc. Global Project Management Services| LOS ANGELES--(BUSINESS WIRE)--Oct. 7, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced it has been
selected by worldwide networking leader Cisco Systems to be its
preferred provider of project management services globally. These
services will encompass capital construction projects within Cisco’s 506
locations spanning 87 countries and totaling 23.6 million square feet.
CBRE was selected by Cisco after a competitive evaluation p... |
| | 22/Sep/09 | Newsweek Ranks CB Richard Ellis Group, Inc. No. 45 among Top 500 Greenest U.S. Companies| LOS ANGELES--(BUSINESS WIRE)--Sep. 22, 2009--
Newsweek, a leading U.S. weekly newsmagazine, has ranked CB
Richard Ellis Group, Inc. (NYSE:CBG) No. 45 in its 2009 Green Rankings.
The list, featured in the publication’s September 28, 2009 issue,
measures the environmental performance of the 500 largest U.S.-based
publicly traded companies. The ranking is based on each company's actual
resource use and emission levels, its environmental policies and
... |
| | 21/Sep/09 | West Penn Allegheny Health System Taps CB Richard Ellis Group, Inc. for Full Service Real Estate Outsourcing Contract| LOS ANGELES--(BUSINESS WIRE)--Sep. 21, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced it has entered
into an agreement to provide real estate outsourcing services for West
Penn Allegheny Health System (WPAHS), one of the premier healthcare
organizations in Western Pennsylvania.
CB Richard Ellis will provide a full range of services for WPAHS,
including facilities, project and transaction management, lease
administration... |
| | 28/Aug/09 | CB Richard Ellis Group, Inc. Revises Amount of Loan Maturity and Amortization Extensions to $985 Million| LOS ANGELES--(BUSINESS WIRE)--Aug. 28, 2009--
CB Richard Ellis Group Inc (NYSE:CBG) today announced that it has
revised the amount of its credit agreement debt that has been modified
to $985 million. In a press release issued by the Company on August 25,
2009, the amount of its credit agreement debt subject to modification
had been reported incorrectly as $994 million.
The incorrect total impacted certain other amounts cited in the August
... |
| | 25/Aug/09 | CB Richard Ellis Group, Inc. Announces Acceptance of Its Offers to Extend Maturities and Amortization on $994 Million of Loans| LOS ANGELES--(BUSINESS WIRE)--Aug. 25, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has
reached agreement to modify $994 million of debt by offering lenders the
ability to swap certain existing tranches of debt for new tranches with
longer dated maturities and/or less amortization.
“Extending maturities and deferring amortization on our existing credit
facility is a key element of our strategy to proactively manage o... |
| | 20/Aug/09 | CB Richard Ellis Group, Inc. Names Michael J. Lafitte President of Its Americas Business| LOS ANGELES--(BUSINESS WIRE)--Aug. 20, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that Michael J.
Lafitte has been appointed President of the Company’s Americas business.
Mr. Lafitte has been President of the Institutional & Global Corporate
Services (Outsourcing) line of business, where he has overseen strong
growth for the past two and a half years. In his new role, he succeeds
Calvin W. Frese, Jr., who became the Company’s Glob... |
| | 05/Aug/09 | Standard & Poor's Designates CB Richard Ellis Group, Inc. Loan Servicing Subsidiary as Commercial Mortgage Special Servicer| LOS ANGELES--(BUSINESS WIRE)--Aug. 5, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that its
subsidiary, CBRE Loan Services, Inc. (“CBRE Loan Services”), has been
added to Standard & Poor’s Ratings Services’ Select Servicer List as a
commercial special servicer. CBRE Loan Services will provide special
servicing and distressed loan management services to institutional
commercial mortgage lenders and other s... |
| | 04/Aug/09 | Automatic Data Processing, Inc. Selects CB Richard Ellis Group, Inc. to Provide Facilities Management for 6.7 Million Sq. Ft. Portfolio| LOS ANGELES, Aug 04, 2009 (BUSINESS WIRE) -- CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that Automatic
Data Processing, Inc.(ADP), one of the world's largest providers of
business outsourcing solutions, has selected the Company to provide
facilities management services for ADP's 6.7 million sq. ft. portfolio.
The exclusive five year assignment will cover ADP's more than 200
facilities across the U.S. The selection marks the first time ADP has ... |
| | 29/Jul/09 | CB Richard Ellis Group, Inc. Reports Second Quarter 2009 Financial Results| LOS ANGELES--(BUSINESS WIRE)--Jul. 29, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today reported adjusted earnings
per share of $0.04 for the second quarter of 2009 on revenue of $955.7
million.
On a U.S. GAAP basis, the Company reported a net loss for the quarter of
$6.6 million, or $0.02 per diluted share. Excluding one-time charges1,
net income2 for the second quarter would have totaled $9.7
million, or $0.04 per diluted share. ... |
| | 20/Jul/09 | CB Richard Ellis Group, Inc. Announces Second Quarter 2009 Earnings Conference Call and Webcast| LOS ANGELES, Jul 20, 2009 (BUSINESS WIRE) -- CB Richard Ellis Group, Inc. (NYSE:CBG) will release its second quarter
2009 financial results after the market close on Wednesday, July 29,
2009. Management will conduct a conference call to discuss results on
Thursday, July 30, 2009 at 10:30 a.m. Eastern Time.
The call will be webcast by Thomson Reuters and accessible through the
Investor Relations section of the Company's Web site at www.cbre.com,
along with... |
| | 10/Jul/09 | State of Michigan Selects CB Richard Ellis Group, Inc. as Commercial Real Estate Services Provider| EAST LANSING, Mich.--(BUSINESS WIRE)--Jul. 10, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that the State
of Michigan has selected the Company as its real estate services
provider for leasing services, lease administration, strategic planning,
lease tracking/auditing and marketing assistance as well as acquisition
and disposition services. Under the multiple year contact CB Richard
Ellis will assist the State of Michigan with the m... |
| | 07/Jul/09 | CB Richard Ellis Group, Inc. Registers 225 Office Buildings for U.S. Green Building Council's "LEED EB" Rating| 57 Million Sq. Ft. of Space Significantly Expands U.S. Green Building Inventory
LOS ANGELES--(BUSINESS WIRE)--Jul. 7, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) has enrolled 225 office
buildings in the U.S. Green Building Council’s (USGBC) LEED® EB
(Leadership in Energy and Environmental Design - Existing Building)
Program, an achievement that will significantly increase the number of
existing office buildings operated under “green” standards. Enrollme... |
| | 18/Jun/09 | CB Richard Ellis Group, Inc. Announces Completion of Offering of $450 Million of Senior Subordinated Notes| LOS ANGELES--(BUSINESS WIRE)--Jun. 18, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced the completion
of its offering of $450 million aggregate principal amount of senior
subordinated notes due 2017 (the “Notes”). The Notes have an interest
rate of 11.625% per annum and were issued at a price equal to 96.873% of
their face value.
The Company estimates that the net proceeds from the offering were
approximately $425 millio... |
| | 15/Jun/09 | CB Richard Ellis Group, Inc. Announces Pricing of $450 Million of Senior Subordinated Notes| LOS ANGELES--(BUSINESS WIRE)--Jun. 15, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced the pricing of
its offering of $450 million aggregate principal amount of senior
subordinated notes due 2017 (the “Notes”). The Notes will have an
interest rate of 11.625% per annum and are being issued at a price equal
to 96.873% of their face value. The Notes will be issued by the
Company’s wholly-owned subsidiary, CB Richard Ellis Services, Inc. a... |
| | 11/Jun/09 | CB Richard Ellis Group, Inc. Announces Completion of $50 Million At-The-Market Public Stock Offering| LOS ANGELES--(BUSINESS WIRE)--Jun. 11, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced it has completed
the sale of Class A common stock under its at-the-market offering
program, announced yesterday. The Company sold 5,682,684 shares in open
market trading and direct placements under this program for gross
proceeds of approximately $50 million.
J.P. Morgan Securities Inc. served as sales agent under the
at-the-market pro... |
| | 10/Jun/09 | CB Richard Ellis Group, Inc. Announces $100 Million Common Stock Sale to Paulson & Co. Inc. and Launches At-The-Market Public Stock Offering of up to $50 Million| LOS ANGELES--(BUSINESS WIRE)--Jun. 10, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced it has reached
an agreement to sell in a direct placement 13,440,860 shares of its
Class A common stock for gross proceeds of approximately $100.0 million,
to Paulson & Co. Inc. on behalf of several of its investment funds and
accounts it manages. In addition, the Company intends to sell shares of
its Class A common stock, having an aggregate offerin... |
| | 10/Jun/09 | CB Richard Ellis Group, Inc. Announces Offering of $400 Million of Senior Subordinated Notes| LOS ANGELES--(BUSINESS WIRE)--Jun. 10, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it intends
to offer $400 million in aggregate principal amount of senior
subordinated notes due 2017 (the “Notes”) in a private placement,
subject to market and other conditions. The Notes will be issued by the
Company’s wholly-owned subsidiary, CB Richard Ellis Services, Inc. and
guaranteed by the Company and the subsidiaries that guarantee its... |
| | 10/Jun/09 | CB Richard Ellis Group, Inc. Announces Preliminary Second Quarter 2009 Guidance| LOS ANGELES--(BUSINESS WIRE)--Jun. 10, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it
anticipates diluted earnings per share attributable to its shareholders,
excluding one time items, will be in the range of approximately
breakeven to $0.07 for the second quarter of 2009. This compares to
diluted earnings per share attributable to its shareholders, excluding
one time items, of $0.16 per share for the second quarter of 2008.
... |
| | 15/May/09 | CB Richard Ellis Group, Inc. to Present at Investor Conference| LOS ANGELES--(BUSINESS WIRE)--May. 15, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that Bob
Sulentic, Chief Financial Officer, and Cal Frese, Global Chief Operating
Officer, will be presenting at the 8th Annual JMP Securities
Research Conference in San Francisco, CA on Tuesday, May 19, 2009 at
9:00 a.m. pacific time.
A live audio webcast of the presentation will be accessible via the
Investor Relations section of the... |
| | 30/Apr/09 | IAOP Ranks CB Richard Ellis # 1 Outsourcing Firm in Commercial Real Estate Services| Third Consecutive Year in Global Outsourcing 100
LOS ANGELES--(BUSINESS WIRE)--Apr. 30, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has been
recognized as the #8 ranked provider of outsourcing services -- and the
highest ranking firm within the commercial real estate services sector
-- in the annual Global Outsourcing 100 released by the
International Association of Outsourcing Professionals (IAOP). The list
ranks the top ... |
| | 29/Apr/09 | CB Richard Ellis Group, Inc. Reports First Quarter 2009 Financial Results| LOS ANGELES--(BUSINESS WIRE)--Apr. 29, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today reported revenue of $890.4
million and a net loss on a U.S. GAAP basis of $36.7 million, or $0.14
loss per diluted share, for the first quarter of 2009. Excluding
one-time charges1, the Company’s net loss2 for the
quarter was $7.5 million, or $0.03 loss per diluted share. Earnings
Before Interest, Taxes, Depreciation, and Amortization (EBITDA)3
totaled ... |
| | 20/Apr/09 | CB Richard Ellis Group, Inc. Announces First Quarter 2009 Earnings Conference Call and Webcast| LOS ANGELES--(BUSINESS WIRE)--Apr. 20, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) will release its first quarter
2009 financial results after the market close on Wednesday, April 29,
2009. Management will conduct a conference call to discuss results on
Thursday, April 30, 2009 at 10:30 a.m. Eastern Time.
The call will be webcast by Thomson/CCBN and accessible through the
Investor Relations section of the Company’s Web site at www.cbre.com... |
| | 03/Apr/09 | CB Richard Ellis Group, Inc. Named a BusinessWeek 50 Best Performer for the Third Year in a Row| LOS ANGELES, Apr 03, 2009 (BUSINESS WIRE) -- CB Richard Ellis Group, Inc. (NYSE:CBG) has been named to the BusinessWeek
50--that publication's list of best performers across all
industries--for the third year in a row. BusinessWeek annually
selects 50 best-in-class companies that represent the top performers in
each of the ten industry sectors that comprise the Standard & Poor's
500. CBRE was ranked #25 on the 2009 list, and is the only commercial
... |
| | 24/Mar/09 | CB Richard Ellis Group, Inc. Announces Credit Agreement Amendment to Provide Flexibility during Economic Recession| LOS ANGELES--(BUSINESS WIRE)--Mar. 24, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that the lenders
under its credit agreement have agreed to amend certain of its terms.
The changes will give the Company considerably increased financial
flexibility to navigate through a weaker market environment.
The amendment allows for:
a higher maximum leverage ratio
a lower minimum interest cov... |
| | 12/Mar/09 | CB Richard Ellis Group, Inc. to Present at Investor Conference| LOS ANGELES--(BUSINESS WIRE)--Mar. 12, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that Nick
Kormeluk, Senior Vice President of Investor Relations, will be
presenting at the B. Riley & Co. 2009 Annual Investor Conference in Las
Vegas, Nevada on Wednesday, March 18, 2009 at 8:30 a.m. PDT.
A live audio webcast of the presentation will be accessible via the
Investor Relations section of the Company's web site at www.cbre.com/i... |
| | 06/Mar/09 | U.S. EPA Names CB Richard Ellis 2009 ENERGY STAR(R) Partner of the Year| CB Richard Ellis Earns Award for Protecting the Environment through Energy Efficiency
LOS ANGELES--(BUSINESS WIRE)--Mar. 6, 2009--
For the second year in a row, the U.S. Environmental Protection Agency
(U.S. EPA) has named CB Richard Ellis Group, Inc. as a 2009 ENERGY STAR
Partner of the Year for outstanding energy management and reductions in
greenhouse gas emissions. CBRE’s accomplishments will be recognized at
an awards ceremony in Washington, D.C. on M... |
| | 05/Mar/09 | CB Richard Ellis Group, Inc. Selected by Nokia as New Exclusive Global Real Estate Advisor| LOS ANGELES--(BUSINESS WIRE)--Mar. 5, 2009--
In one of the most significant global corporate real estate outsourcing
contracts awarded in recent years, CB Richard Ellis Group, Inc. (NYSE:
CBG), or CBRE, announced today that it has been selected by Nokia (NYSE:
NOK), the world's largest manufacturer of mobile phones, as its
exclusive global strategic real estate advisor. The services that will
be provided include transaction management, brokerage and ... |
| | 23/Feb/09 | CB Richard Ellis Group, Inc. to Present at Investor Conference| LOS ANGELES--(BUSINESS WIRE)--Feb. 23, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) announced today that Gil Borok,
Executive Vice President and Interim Chief Financial Officer, will be
presenting at the Credit Suisse Global Services Conference in Phoenix,
Arizona on Tuesday, February 24, 2009 at 8:00 a.m. PST.
A live audio webcast of the presentation will be accessible via the
Investor Relations section of the Company's web site at www.cbr... |
| | 18/Feb/09 | CB Richard Ellis Group, Inc. Announces Appointment of Robert E. Sulentic As Chief Financial Officer| LOS ANGELES--(BUSINESS WIRE)--Feb. 18, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that Robert E.
Sulentic has been named the company’s Chief Financial Officer.
Mr. Sulentic is a highly seasoned industry veteran who combines public
company corporate finance experience with an in-depth understanding of
the company’s global operations. Mr. Sulentic is currently Chief
Executive Officer of the company’s Development Services bus... |
| | 10/Feb/09 | CB Richard Ellis Group, Inc. Reports Full Year 2008 Revenue of $5.1 Billion and Earnings Per Share of $0.97| Fourth Quarter 2008 Revenue of $1.3 Billion and Earnings Per Share of $0.37
LOS ANGELES--(BUSINESS WIRE)--Feb. 10, 2009--
CB Richard Ellis Group, Inc. (NYSE:CBG) today reported full year 2008
revenue of $5.1 billion and diluted earnings per share of $0.39. For the
fourth quarter of 2008, revenue was $1.3 billion and diluted earnings
per share was $0.03. These diluted earnings per share amounts do not
include the impact of significant, pending, non-cash goo... |
| | 27/Jan/09 | CB Richard Ellis Group, Inc. Announces Fourth Quarter 2008 Earnings Conference Call and Webcast| LOS ANGELES--(BUSINESS WIRE)--Jan. 27, 2009--CB Richard Ellis Group, Inc. (NYSE:CBG) will release its fourth quarter
2008 financial results after the market close on Tuesday, February 10,
2009. Management will conduct a conference call to discuss results on
Wednesday, February 11, 2009 at 10:30 a.m. Eastern Standard Time.
The call will be webcast by Thomson/CCBN and accessible through the
Investor Relations section of the Company's Web site at www.c... |
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