CB Richard Ellis selected for the 'BusinessWeek 50'
Real estate advisory beats Starbucks, Oracle and Apple to win 16th slot
Dubai, March 26, 2007 – CB Richard Ellis Group, Inc (NYSE:CBG), the world’s largest property advisor, was ranked #16 on ‘BusinessWeek 50’, an annual report that turns the spotlight on top performers from the Standard & Poor’s 500 index in 2006. BusinessWeek listed from 10 economic sectors, the pioneers, innovators and the agenda setting companies that are rewriting the industry rules.
BusinessWeek editors ranked CB Richard Ellis Group ahead of highly regarded companies such as Oracle, Starbucks and Apple. Others in the BusinessWeek 50 included industry leaders such as United Parcel Service, Amazon.com, Microsoft and Google.com.
“We have been relentlessly focused on client service, and this has led to our strong growth,” said Nicholas Maclean, Managing Director of CB Richard Ellis Middle East. “Our powerful platform, with comprehensive resources and premier professional talent both here in the UAE and throughout the world, enables us to deliver the right solutions to meet the diverse needs of occupiers, owners and investors in commercial real estate.”
CB Richard Ellis represents approximately 85% of FORTUNE 100 companies and offers an unrivalled suite of services including property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; research and consulting and more. The company was responsible for more than $224 billion* of property sales and lease transactions in 2006, and the management of more than 1.7 billion sq. ft.* of commercial properties and corporate facilities.
CB Richard Ellis Group has been a consistent award winner in international business surveys and won advisor of the year (UAE) at the 2005 Euro money real estate awards.
Companies were chosen for inclusion in the BusinessWeek 50 list, published in the issue dated March 26, 2007, based on ten performance metrics, including total return, sales growth, profit growth, net profit margins and estimated long-term earnings potential.
“The latest honor, conferred on us by BusinessWeek, also inspires us to work harder and bring better results and rankings in the future,” added Maclean.
Notes to editor :
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com
*Total combined transaction activity and management portfolio for CB Richard Ellis and Trammell Crow Company, which CB Richard Ellis acquired in December 2006.
For more information please contact:
Lina Anani/Sami Al Shorafa
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide
in Middle East and North Africa
P O Box 28063
Tel : (971 4) 3344550
Fax : (971 4) 3344556