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24-08-2010 :
CB Richard Ellis Appoints Keith Humphreys as Executive Director, CBRE Hotels, Asia
CB Richard Ellis, the world’s largest commercial real estate services firm, is pleased to announce that Mr Keith Humphreys has been appointed to the position of Executive Director, CBRE Hotels, Asia with effect from 21 July 2010.
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19-08-2010 :
Asia Pacific Continues to Lead Global Office Rent Rebound - EMEA region follows closely, with rents turning up
More than half of the office rental markets in Asia Pacific either stabilized or moved into the growth phase during the second quarter (Q2) of 2010, demonstrating that the region continues to lead the global real estate recovery, according to CB Richard Ellis’ (CBRE) latest quarterly Global Office Rental Cycle report.
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12-08-2010 :
CB Richard Ellis Group, Inc. Adds Senior Professionals
CB Richard Ellis Group, Inc. (NYSE: CBG) today announced that the following senior commercial real estate services professionals, mostly in production, have joined the company globally since May 2010.
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04-08-2010 :
Momentum Slows in Q2 in Asia’s Direct Real Estate Investment Market
The Asian real estate investment market showed signs of continuing to make steady improvement in the first half of 2010 with direct real estate investment in the region rising 136% year-on-year during the period to be recorded at an estimated US$30 billion. Although activity levels rose significantly in virtually every Asian market as measured on a yearly basis, investment volume fell by 22% quarter-on-quarter in the second quarter as investors turned more cautious following the implementation of various measures by governments around the region intended to curb speculative activity. Worries over the fragility of the global economic recovery and the eurozone sovereign debt crisis also negatively impacted investor sentiment in the second quarter according to the CB Richard Ellis’s Asia Investment MarketView report covering the first half of 2010.
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03-08-2010 :
Office Rents in Asia Rise 2.1% ending seven consecutive quarters of decline
Asia’s leading commercial centres recorded impressive growth in office demand in the second quarter of 2010 as the steady regional economic recovery encouraged multinational companies to reactivate expansion plans suspended earlier after the onset of the global financial crisis.
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26-07-2010 :
Rob Blain Awarded “Industry Champion” by RFP Magazine
CB Richard Ellis (CBRE) is pleased to announce that Rob Blain, CEO and Chairman, Asia Pacific, has been awarded with the top accolade of “Industry Champion” at the 2010 RFP (Real Estate Facilities Projects) Outstanding Individuals Industry Awards. The awards celebrate the contributions of professionals in the real estate industry across Asia Pacific. RFP Magazine is one of Asia’s top trade titles and a leading magazine for industries of the built environment.
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22-07-2010 :
CB Richard Ellis Ranked World’s #1Commercial Property Management Firm
CB Richard Ellis (CBRE) has been ranked the #1 commercial property management firm in the world, according to National Real Estate Investor, the leading magazine for professional real estate investors. CBRE has retained the top position in the publication’s annual ranking for seven consecutive years.
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28-06-2010 :
Green Move for CB Richard Ellis - Hong Kong Office and Asia Pacific Headquarters of CB Richard Ellis moves to Three Exchange Square
CB Richard Ellis (CBRE) announced today that its Hong Kong office and Asia Pacific Headquarters will move from Central Plaza in Wanchai to Three Exchange Square in Central on 5 July, 2010.
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07-06-2010 :
Prime Retail Rents Stabilise Across Global Markets - Hong Kong remains the Third Most Expensive Retail Location
Prime retail rents in the world’s leading shopping destinations stabilised in the majority of markets, and grew in a number of major cities, in the first quarter (Q1) of 2010, according to the latest CB Richard Ellis (CBRE) Global MarketView report on the retail sector. As the global economic recovery begins to gather momentum, consumer and retailer confidence have started to improve. Whilst this has still not translated into retail sales growth in most markets, demand for prime retail space remains healthy and vacancy in the best locations is low. As a result, there are some markets globally where prime rents are rising, and many more where the rate of decline has slowed or rents are now stable.
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02-06-2010 :
Hong Kong the top ranked city for Luxury & Business Fashion globally - CBRE’s Global Retail Report Tracks Shifts in the Global Retail Market
Hong Kong has maintained its position as the world’s top city for Luxury & Business Fashion, according to the new edition of the How Global is the Business of Retail? report by leading global real estate adviser CB Richard Ellis (CBRE). Attracting more than 90% of luxury retailers among the 47 luxury retailers covered in the report, Hong Kong retained its number one position. Hong Kong benefits from being regarded as a premier retail destination from both Western and Easter perspectives, attracting luxury retailers from across the world, including those that are principally Asian in focus.
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20-05-2010 :
Signs of Rental Improvement in Global Office Markets
Increased demand, together with more relocation activity, is slowing rental declines in the majority of global office markets, with growth beginning to accelerate in three major markets, according to the latest Global Office Rental Cycle report from CB Richard Ellis Group, Inc (CBRE). Overall, a tentative recovery of property markets is emerging, reflecting the improved economic activity globally.
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08-05-2010 :
London (West End) World’s Most Expensive Office Market; Hong Kong (CBD) Now Ranks Second - Survey Finds Global Rents Down 4.6% from One Year Ago
London’s West End remains the world’s most expensive office market, according to CB Richard Ellis Group, Inc. (CBRE) Global Research and Consulting’s semi-annual Global Office Rents survey. Hong Kong’s Central Business District (CBD) has risen to second place pushing Tokyo’s Inner Central to third place. Mumbai is now in fourth position on the list while Moscow remains in fifth in the CBRE rankings, which tracks occupancy costs for prime office space in 176 cities around the globe.
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05-05-2010 :
Asia sees higher demand for premium office space along with pick-up in “flight to quality” moves
The opening quarter of 2010 saw robust office take-up in Asia’s major commercial centres as companies have become more willing to commit to space at the current rentals. Corporate occupiers are taking advantage of the fact that office rents have generally experienced downward correction for over a year in most markets, and some are availing themselves of this opportunity to upgrade their premises to Grade A facilities. At the same time, Asia’s overall business sentiment was buoyed by the continued improvement in the regional economy. The labour market has also tightened, with the unemployment rate clearly tracking downwards in most markets and large-scale companies announcing recruitment plans.
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04-05-2010 :
Asian Real Estate Investment Markets Remain Resilient in Q1 2010 CBRE Survey Finds Q1 Investment Turnover Jumped 215% Year-on-Year
The Asian real estate investment market remained buoyant during the first quarter as investor sentiment remained largely positive, and investors continued to demonstrate cautious optimism. The steady flow of small and medium sized transactions witnessed in the latter half of 2009 continued to feed through into the year’s opening three months. Given the relatively low level of trading activity at the beginning of 2009, in the first quarter total direct real estate investment in Asia jumped 215% on a year-over-year basis to an estimated US$16.5 billion, according to CB Richard Ellis’ Asia Investment MarketView report for Q1 2009.
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16-04-2010 :
CB Richard Ellis Ranked No. Brokerage Firm By National Real Estate Investor for Seventh Year in a Row
For the seventh year in a row National Real Estate Investor, the leading magazine for professional real estate investors, has ranked CB Richard Ellis No. 1 out of the 25 largest U.S.-based commercial real estate brokerage firms. The ranking, featured in the publication’s April 2010 issue, is based on the aggregate value of sales and leasing transactions completed globally during 2009.
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24-03-2010 :
CB Richard Ellis Joins in Earth Hour 2010 - 100 million square feet of CBRE managed property in Asia set to participate
CB Richard Ellis Group, Inc. (NYSE:CBG), the world’s largest commercial real estate services firm (based on 2009 revenue), has announced its “lights-out” participation in Earth Hour 2010 on March 27, 2010 at 8:30pm local time.
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12-03-2010 :
CB Richard Ellis Group, Inc. Launches iPhone Application
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced the launch of an iPhone application that connects users of the mobile communications device with the rich resources of the world’s preeminent commercial real estate services firm.
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05-03-2010 :
Recovery continued in the Asian REIT markets with more acquisition activity recorded
Asian REITs continued to recover in the second half of 2009 as the stock markets in Asia improved overall and conditions in the credit market became more relaxed.
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04-03-2010 :
CB Richard Ellis Named Premier Commercial Real Estate Brand for Ninth Year in a Row
CB Richard Ellis has been named the premier global brand in commercial real estate, according to a survey of worldwide real estate professionals by The Lipsey Company. CB Richard Ellis has topped Lipsey’s annual ranking of commercial real estate brands for nine consecutive years.
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16-02-2010 :
IAOP Names CB Richard Ellis Among Top Outsourcing Providers for Fourth Time
The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (CBRE) to The 2010 Global Outsourcing 100 for the fourth straight year. The list recognizes the world’s best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges organized by IAOP.
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09-02-2010 :
New Report Suggests Better Critical Facility Planning Needed for Improved business Continuity
A critical facility, such as a data center, is arguably the most crucial resource within an organization, according to CB Richard Ellis’ (CBRE) latest report, “Evaluating Your Critical Facilities.” The white paper highlights that increased focus and planning around design, construction and management of data centers is critical to corporate success given the relentless demand for data storage, electronic communications and global economic connectivity.
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04-02-2010 :
CB Richard Ellis Group, Inc. Reports Earnings per Share of $0.28 for the Fourth Quarter and $0.39 for the Full Year 2009
CB Richard Ellis Group, Inc. (NYSE:CBG) today reported fourth-quarter 2009 diluted earnings per share of $0.21 on a U.S. GAAP basis, on revenue of $1.30 billion. The Company reported net income for the quarter of $64.3 million. Excluding selected charges1, net income2 for the fourth quarter would have totaled $86.0 million, or $0.28 per diluted share.
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03-02-2010 :
Asian Office Market Continues to Improve as Multinational Demand Picks Up
In the fourth quarter of 2009, the Asian office market continued to approach the bottom of the present cycle as rental declines slowed further and absorption gradually increased.
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02-02-2010 :
Asian Real Estate Investment Markets Rebound in Second Half of 2009
Asian real estate investment markets posted a strong recovery in the second half of 2009 after witnessing a difficult start to the year. Investment turnover bottomed out in the first quarter but improved thereafter as investor confidence gradually returned, underpinned by the strong rebound in the equity markets, the persistence of low financing costs and a stabilizing trend in price levels across key markets.
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18-01-2010 :
Launch of Sustainability Asia – A sustainable environment publication from CB Richard Ellis
CB Richard Ellis today launched Sustainability Asia – the sustainable environment publication for real estate owners, developers and occupiers in Asia.
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03-12-2009 :
CB Richard Ellis Report Highlights Occupancy Cost Strategies To Leverage Current Market Environment
Despite initial signs of economic recovery, corporations continue to seek aggressive ways to reduce their occupancy costs and take advantage of market conditions to improve and optimize their real estate portfolios. In response, CB Richard Ellis has produced a new special report, “Creative Occupancy Cost Reduction Transaction Strategies,” that outlines the steps firms can take to leverage current economic environment and capital deployment trends to their advantage.
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02-12-2009 :
CB Richard Ellis Group, Inc Establishes Affiliate in Malaysia – Regroup Associates Sdn Bhd
Kuala Lumpur, December 2, 2009 -- CB Richard Ellis Group, Inc. today announced that it has signed an affiliate agreement with Regroup Associates Sdn Bhd – a leading real estate services company in Malaysia.
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01-12-2009 :
London (West End) Again World’s Most Expensive Office Market; Tokyo’s Inner Central Market Ranks Second * * * CB Richard Ellis Group, Inc. Report Finds Global Rents Continue Decline
London’s West End is again the world’s most expensive office market, according to CB Richard Ellis Group, Inc. (CBRE) Global Research and Consulting’s semi-annual Global Office Rents survey. Tokyo’s Inner Central has slipped to second place, followed by that city’s Outer Central market. Hong Kong’s Central Business District (CBD) and Moscow are fourth and fifth respectively in the CBRE report, which tracks office occupancy costs in nearly 180 cities around the globe.
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27-11-2009 :
New York Still World’s Most Expensive Retail Location As Prime Rents Begin To Stabilise Across Key Markets Increasing Differentiation Between the “Best and the Rest” of Retail Units
Prime retail rents began to stabilise in many markets across the world in the third quarter (Q3) of 2009, as economic and retail indicators started to show signs of greater stability and retailer confidence gained positive momentum. Retail rents globally fell by an average of 1% from the second quarter to the third quarter of 2009, according to CB Richard Ellis Group Inc.’s latest Global MarketView on the retail sector.
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12-11-2009 :
Landmark Study Finds Increased Productivity, Lower Vacancy and Higher Rents in Green Buildings
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 Sense?, is the product of a year-long research effort and is the largest study of its kind to date.
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10-11-2009 :
400 CB Richard Ellis Professionals Achieve LEED Accreditation - Thousands of CBRE Client Service Professionals Trained in Sustainable Practices
CB Richard Ellis Group, Inc (CBRE) today announced that 400 of its client services professionals have received the LEED® AP (Leadership in Energy and Environmental Design Accredited Professional) designation through the Green Building Certification Institute (GBCI). These CBRE professionals received the LEED® AP credential, which signifies an advanced depth of knowledge in green building practices, and work in every major market in the Americas, as well as in Asia-Pacific and EMEA.
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05-11-2009 :
Asian Real Estate Investment Market Buoyed in Third Quarter as Market Sentiment Strengthens
The Asian real estate investment market continued to gain momentum in the third quarter of 2009 as capital values generally stabilised, sentiment improved and the bid-ask spread narrowed, particularly for quality yield-accretive assets in prime locations.
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03-11-2009 :
Asian Office Market Continues to Improve as Rental Decline Slows Further
The Asian office market down cycle has stabilized in the third quarter of 2009 as the improvement in Asian employment markets generally provided a clear indication that the office market was close to the bottom. Corporations outside of the export trade sector commenced expanding headcount and financial institutions began hiring staff to pursue high-margin businesses as economic conditions improved.
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07-10-2009 :
CB Richard Ellis Group Inc. Strengthens its Presence in South East Asia With New Office in Cambodia
CB Richard Ellis Group Inc. (CBRE) today announced that it is opening a new office in Phnom Penh, Cambodia.
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23-09-2009 :
Newsweek Ranks CB Richard Ellis No. 45 Among Top 500 Greenest U.S. Companies
Newsweek, a leading U.S. weekly newsmagazine, has ranked CB Richard Ellis (CBRE) No. 45 in its 2009 Green Rankings.
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26-08-2009 :
CBRE Appoints William Concannon to Lead Global Corporate Services Business and Continue Revenue Diversification Drive
CB Richard Ellis Group, Inc. (CBRE) today announced that William Concannon has been appointed President, Global Corporate Services (GCS).
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25-08-2009 :
Asian REITs Rebound Strongly In First Half of 2009, But Challenges Remain
Asian REITs rebounded strongly in the first half of 2009 as conditions in global capital markets improved and the availability of credit increased following government injections of capital into the banking system.
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17-08-2009 :
National Real Estate Investor Ranks CB Richard Ellis No. 1 Property Manager for Sixth Year in a Row
For the sixth year in a row National Real Estate Investor, the leading magazine for professional real estate investors, has ranked CB Richard Ellis No. 1 out of the world’s top 25 property managers.
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12-08-2009 :
BACK FROM THE BRINK… BUT WHAT NEXT? -- New Global MarketView Analyzes Latest Global Economic and Commercial Real Estate Trends
Back from the Brink… But What Next ? a new Global MarketView issued by CB Richard Ellis (CBRE) Research and Consulting, sees some stabilization and some recovery for the commercial real estate market at the mid-point of 2009.
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10-08-2009 :
CB Richard Ellis Achieves Sustainability Milestones in Asia -- CBRE Beijing Office Awarded LEED Gold Rating by USGBC and Company Announces 16 LEED APs across the Region
CB Richard Ellis (CBRE) announced today that it has been awarded the Leadership in Energy and Environmental Design (LEED) for Commercial Interiors Gold Rating by the U.S. Green Building Council (USGBC) in relation to its office premises in Beijing.
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04-08-2009 :
Asian Office Market Begins to Stabilise but Companies Remain Cost-Conscious
The Asian office market showed signs of stabilising in the second quarter of 2009 but companies remained focused on reducing costs and tightening their real estate expenditures.
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03-08-2009 :
Investment market regains momentum in second quarter following first quarter standoff
The Asian property investment market enjoyed a stronger second quarter of 2009 following a subdued start to the year, with direct real estate investment volume edging up 41% from the first quarter.
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30-07-2009 :
CB Richard Ellis Group, INC. Reports Second Quarter 2009 Financial Results
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.
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07-07-2009 :
Nissan Selects CB Richard Ellis as European Strategic Property Advisor
CB Richard Ellis Group, Inc. (NYSE: CBG) today announced that it has been selected by Nissan Europe S.A.S as its strategic property advisor for the region.
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30-06-2009 :
New York Still World’s Most Expensive Retail Market Despite Rental Falls - CB Richard Ellis’ New Global Retail Report Highlights Changing Retail Landscapes
Prime retail rents have fallen in almost every region across the world as the global recession impacts consumer sentiment and retail sales, according to new retail research from CB Richard Ellis (CBRE), Global Retail MarketView.
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15-06-2009 :
CB Richard Ellis Appoints Chris Brooke as President & CEO, Asia
CB Richard Ellis Group, Inc. (NYSE:CBG), the world’s largest commercial real estate services firm (based on 2008 revenue), announced today that it has appointed Mr. Chris Brooke as President & CEO, Asia with effect from 1st July 2009.
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03-06-2009 :
Tokyo Now World’s Most Expensive Office Market; West End of London and Moscow Ranked Second and Third, Respectively * * * CB Richard Ellis Group, Inc. Report Also Finds Global Occupancy Costs Down
Tokyo’s Inner Central District has supplanted London’s West End as the world’s most expensive office market, according to CB Richard Ellis Group, Inc. (CBRE) Global Research and Consulting’s semi-annual Global Office Occupancy Costs survey. London’s West End, is now the world’s second most expensive office market, followed by Moscow, Hong Kong’s Central Business District or CBD, and Tokyo’s Outer Central District in the CBRE report, which tracks office occupancy costs in more than 170 cities around the globe.
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19-05-2009 :
The Global Economic Downturn: Its Impact on Real Estate - New Global MarketView Analyzes Global Economic Trends and Commercial Real Estate Performance
The Global Economic Downturn: Its Impact on Real Estate, a new Global MarketView just issued by CB Richard Ellis (CBRE) Research, analyzes global economic trends and their impact on commercial real estate.
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12-05-2009 :
CB Richard Ellis Named Fastest-Growing Retail Property Manager By Chain Store Age - CBRE’S 18.7 Million Sq. Ft. in New Assignments Tops Annual Ranking
CB Richard Ellis Inc. (CBRE) has been named the world’s fastest-growing retail property manager by Chain Store Age. The retail industry publication’s May issue reported that CBRE added 18.7 million sq. ft. of new global retail property management assignments in 2008, 35% more than the next-highest-ranked provider. Chain Store Age noted that the “pros are back in charge, helping to stabilize distressed assets and improve already-healthy ones,” as retail property owners turn to quality managers during a challenging market environment.
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11-05-2009 :
Asian Property Investment Turning More Positive After Muted First Quarter
The Asian property investment market suffered an 83% q-o-q fall in sales in the first quarter of 2009 as investors’ appetite for risk remained weak and the gap between buyer / seller expectations continued to deter investment activity, according to the latest research report from CB Richard Ellis, Asia Investment MarketView Q1 2009. However, there was a noticeable improvement in sentiment in a number of key markets in March as the rate of economic decline appeared to be easing.
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04-05-2009 :
Asian Office Market Moves Deeper Into Downcycle
The Asian office property market deteriorated further during the first quarter of 2009 as companies continued to downsize and cut back on costs. Leasing activity remained quiet across the region with transactions dominated by renewals.
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30-04-2009 :
CB Richard Ellis Group, Inc. Reports First Quarter 2009 Financial Results
CB Richard Ellis Group, Inc. (NYSE:CBG) today reported revenue of US$890.4 million and a net loss on a U.S. GAAP basis of US$36.7 million, or US$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 US$7.5 million, or US$0.03 loss per diluted share. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)3 totaled US$38.4 million for the quarter, which was negatively impacted by the inclusion of US$15.7 million4 of one-time charges.
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30-04-2009 :
IAOP Ranks CB Richard Ellis #1 Outsourcing Firm in Commercial Real Estate Services - Third Consecutive Year in Global Outsourcing 100
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that 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 outsourcing service providers across all industries.
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23-04-2009 :
London is Number One Destination for World’s Top Retailers - Dubai rivals New York and Paris as leading international retail hot spot
London has emerged as the most international retail city in the world, attracting 60% of the world’s top retailers, according to the latest retail research report from CB Richard Ellis, How Global is the Business of Retail? London was followed by Paris (49% of retailers) and New York (47%) to round out the top three most popular destinations for retailers, but the surprise entry in fourth position was Dubai, enforcing its importance to the global retail landscape.
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22-04-2009 :
CB Richard Ellis Named to the Fortune 500 for 2nd Straight Year - Only Commercial Real Estate Services Firm on Prestigious List
CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the second straight year. CB Richard Ellis is once again the only commercial real estate services firm to be included in the FORTUNE 500.
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03-04-2009 :
CB Richard Ellis Group, Inc. Named a Businessweek 50 Best Performer for the Third Year in a Row
CB Richard Ellis (CBRE) 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 & Poors 500. CBRE was ranked #25 on the 2009 list, and is the only commercial real estate company to earn a place on this year’s BusinessWeek 50.
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23-03-2009 :
CB Richard Ellis Named to “Companies that Care” 2009 Honor Roll
CB Richard Ellis (CBRE) has been named to the Companies That Care Honor Roll for 2009. The Honor Roll was established to publicly recognize companies that highly value their employees, make a commitment to community service and reflect strong values in their daily business practices. CBRE has been named to the Honor Roll for the second consecutive year.
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12-03-2009 :
CB Richard Ellis Group, Inc, Selected By Nokia - As New Exclusive Global Real Estate Advisor
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.
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11-03-2009 :
Survey Names CB Richard Ellis No. 1 Brand in Commercial Real Estate - CBRE Tops Lipsey Brand Survey for Eight Consecutive Years
or the eighth year in a row, CB Richard Ellis has been named the leading global brand in commercial real estate, according to a survey of real estate professionals from around the world. CB Richard Ellis has been named the top brand every year since the survey’s inception in 2002.
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10-03-2009 :
CB Richard Ellis Participates in Earth Hour 2009 in line with its global goal to become carbon neutral by 2010 - The World's Tallest Building “TAIPEI 101” Pledges to Support through Efforts of CBRE
CB Richard Ellis Group, Inc. (NYSE:CBG), the world’s largest commercial real estate services firm (based on 2008 revenue), announced its participation in Earth Hour 2009 in a global effort to highlight the need to take action on climate change.
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09-03-2009 :
CB Richard Ellis Named Top Fortune’s Roster of Real Estate Industry’s Most Admired Companies
CB Richard Ellis Group, Inc. (CBRE) has been named to the annual roster of the Most Admired Companies in the U.S. real estate industry complied by Fortune. The survey covers 64 industries and is one of the most definitive report cards on corporate reputations.
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20-02-2009 :
IAOP Names CB Richard Ellis Among Top Outsourcing Providers for Third Time
The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (CBRE) to The 2009 Global Outsourcing 100 for the third straight year. The list recognizes the world’s best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges.
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18-02-2009 :
CB Richard Ellis Group, Inc. Announces Appointment of Robert E. Sulentic As Chief Financial Officer
CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that Robert E. Sulentic has been named the company’s Chief Financial Officer.
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10-02-2009 :
CB Richard Ellis Group, Inc, Reports Full Year 2008 Revenue of US$5.1 Billion and Earnings per Share of US$0.97
CB Richard Ellis Group, Inc. (NYSE:CBG) today reported full year 2008 revenue of US$5.1 billion and diluted earnings per share of US$0.39. or the fourth quarter of 2008, revenue was US$1.3 billion and diluted earnings per share was US$0.03. These diluted earnings per share amounts do not include the impact of significant, pending, non-cash goodwill and other non-amortizable intangible asset impairments that are discussed later in this press release.
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04-02-2009 :
Asian Investment Property Market Turns Down in Second Half as Sentiment Fades and Transactions Slide
The effects of global financial market upheaval and the deflating world economy gave Asian investment property markets a battering during the second half of the year.
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16-12-2008 :
CB Richard Ellis Launches Real Estate Finance Advisory Capability in Asia
CB Richard Ellis Group, Inc. (CBRE) today announced the launch of Real Estate Finance Advisory Capability in Asia. This business line, being part of the Company’s global CBRE Capital Markets platform, will assist investors and occupiers across Asia in accessing debt and equity capital.
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25-11-2008 :
London, Moscow Remain World’s Most Expensive Office Markets; Hong Kong’s CBD Breaks into Top Five * * * Abu Dhabi Sets Pace, By Wide Margin, For Fastest Occupancy Cost Growth
London’s West End and Moscow remain the world’s two most expensive office markets, respectively, while Hong Kong’s CBD, Tokyo’s Inner Central District and Mumbai’s Nariman Point round out the top five, according to CB Richard Ellis Group, Inc. (CBRE) Research’s semi-annual Global MarketView/Office Occupancy Costs survey.
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18-11-2008 :
Retail Rents Grow in Global Strategic Destinations - CB Richard Ellis’ latest Global Retail Rents Survey points to polarisation between primary and secondary retail locations during the economic down
Retailers are focusing on some of the major global fashion capitals, pushing rents in the world’s most expensive retail locations even higher, according to CB Richard Ellis’ (CBRE) latest Global Retail Rents Survey.
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14-11-2008 :
CB Richard Ellis Group, Inc. Announces Underwriters' Exercise of Option to Purchase Additional 7,500,000 Shares of Class A Common Stock
CB Richard Ellis Group, Inc. (NYSE:CBG) announced today the underwriters exercised their option to purchase 7,500,000 additional shares of the Company's Class A common stock at an offering price of $3.77 per share. As a result, the estimated net proceeds of the offering have increased to approximately $207.1 million. CB Richard Ellis expects to use the proceeds from the sale for general corporate purposes.
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05-11-2008 :
Asian Investment Market Sentiment Softens Further Amidst Deteriorating Global Financial Markets
Asian real estate market sentiment softened considerably in the third quarter of 2008 as the worsening state of global financial markets further impacted capital flows into the sector. Preliminary data shows investment volume down across the region, according to CB Richard Ellis’ Asia Investment MarketView Report for the third quarter of 2008.
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04-11-2008 :
CB Richard Ellis Named Global Advisor of the Year in the 2008 Euromoney Liquid Real Estate Awards Top honors in various categories in Asia
CB Richard Ellis has been named the top global real estate advisor in the 2008 Euromoney Liquid Real Estate Awards. This is the third time in four years that the company has won this prestigious award.
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04-11-2008 :
Asian Office Market Faces Increasing Slowdown As Global Economic Worries Hit Region
The Asian office market has slowed further as the fallout from the global economic crisis hits the region, according to CB Richard Ellis’ Asia Pacific Office Market Review for the third quarter of 2008. The quarter saw the further easing of momentum in office leasing and the remainder of 2008 is likely to see the end of the upward cycle as potential occupiers grow cautious about committing to premium space.
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15-10-2008 :
CB Richard Ellis Expands Presence in Greater China
CB Richard Ellis announced that it has opened a new office in Chongqing, a municipality in southwestern China. The new office in Chongqing represents the sixteenth full service office operated by CB Richard Ellis in Greater China and further enhances its service capabilities in response to demand from both domestic and international developers, investors and occupiers.
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07-08-2008 :
Dampen Asia’s Real Estate Investment Market
A widening bid-ask spread has emerged in major real estate markets across Asia, as property owners, supported by solid market fundamentals, remain reluctant to lower their asking prices to meet the expectations of potential buyers, according to CB Richard Ellis’ Asia Pacific Investment Market Report for the second quarter of 2008.
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04-08-2008 :
Economic Slowdown Affects Asia Leasing Markets in Q2 2008
Rising inflation, shrinking exports, and moderating economic growth have dampened business confidence across Asia and caused prime office rent growth to slow across the region, according to CB Richard Ellis’ (CBRE) second quarter 2008 office market report for Asia Pacific.
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29-07-2008 :
CB Richard Ellis Group, Inc. Reports Second Quarter 2008 Revenue of US$1.3 Billion and Earnings per Share of US$0.16
CB Richard Ellis Group, Inc. (NYSE:CBG) today reported revenue of $1.3 billion for the second quarter of 2008, compared with $1.5 billion for the second quarter of 2007. The Company reported net income of $16.6 million, or $0.08 per diluted share, for the second quarter of 2008, compared with net income of $141.1 million, or $0.59 per diluted share, for the same quarter last year.
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15-07-2008 :
CB Richard Ellis Appoints Craig Shute as Managing Director, Hong Kong
CB Richard Ellis is pleased to announce the appointment of Craig Shute to the position of Managing Director, Hong Kong.
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27-06-2008 :
CB Richard Ellis Opens New Office in Shenyang to Further Enhance Capabilities in Greater China
CB Richard Ellis announced today that it has opened a new office in Shenyang, Liaoning Province. This new office in Shenyang represents the fifteenth full service office operated by CB Richard Ellis in Greater China and forms part of the strategic expansion of the company in both the fast growing Northern China region as well as in Greater China as a whole. The opening of this additional office in Shenyang will also allow CB Richard Ellis to better serve the real estate needs of both domestic and international developers, investors and occupiers in China going forward.
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28-05-2008 :
London Remains World’s Most Expensive Office Market; Rapidly-Rising Moscow Jumps to Second Place
London’s West End is once again the world’s most expensive office market, while rapidly-rising Moscow climbed to second place, according to CB Richard Ellis Group, Inc. (CBRE) Research’s semi-annual Global Market Rents survey. The report tracks world markets with the highest as well as fastest-growing occupancy costs for the 12 months ended March 31, 2008. Tokyo’s Inner Central Five Wards, Mumbai’s Nariman Point and Tokyo’s Outer Central Five Wards rounded out the top five most expensive markets.
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05-05-2008 :
Investment activity eases from 2007 peaks, though core investors remain active in many markets
The first quarter of 2008 was characterised by uncertainty regarding the global economic climate resulting from the global credit crisis, volatile capital markets and slowing global economy. Though highly leveraged investors have largely stepped out of the region’s investment markets due to the continued credit squeeze, core and core-plus investors remained active in many markets.
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02-05-2008 :
Prime Office Rentals Continue to Face Upward Pressure amid Ongoing Supply Squeeze
An ongoing supply crunch continued to exert upward pressure on rentals in most Asian office markets during the first quarter of 2008. According to CBRE Research, the majority of the 16 cities covered in the quarterly Asian Office Market Flash have recorded vacancy levels below 5% for four or more quarters, and fresh supply is expected to be limited over the remainder of 2008.
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23-04-2008 :
CB Richard Ellis Group, INC. Joins the Fortune 500 First Commercial Real Estate Services Firm to be Included on List
CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest American companies, debuting at number 404 on the 2008 list. CB Richard Ellis is the first commercial real estate services firm to be included in the FORTUNE 500.
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07-04-2008 :
CB Richard Ellis Group, INC. Named a BusinessWeek 50 Best Performer for Second Straight Year
CB Richard Ellis Group, Inc. has been named to the BusinessWeek 50—that publication’s list of best performers across all industries—for the second straight year. BusinessWeek selects 50 best-in-class companies that the magazine says represent the star performers in each of the ten sectors that make up the S&P 500. CBRE was ranked #11 on the 2008 BusinessWeek 50, up from 16th place last year.
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05-03-2008 :
Survey Names CB Richard Ellis No.1 Brand in Commercial Real Estate CBRE Tops Lipsey Brand Survey for the Seventh Consecutive Year
For the seventh year in a row, CB Richard Ellis has been named the leading global brand in commercial real estate, according to a survey of real estate professionals from around the world. CB Richard Ellis has been named the top brand every year since the survey’s inception in 2002.
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21-02-2008 :
IAOP Again Names CB Richard Ellis Top Outsourcing Provider
The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. to The 2008 Global Outsourcing 100 for the second straight year. The list recognizes the world’s best outsourcing providers across all industries, and is based on applications received and evaluated by an independent panel of judges.
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20-02-2008 :
Overall Demand for Office Space in Asia Remains Robust, with Grade A Office Markets Buoyant in Key CBDs
Asian office markets maintained their positive momentum during the fourth quarter of 2007. Prime office vacancy remained extremely tight across much of Asia, hovering at or below 4% in Hong Kong, Singapore, Tokyo, Seoul, Ho Chi Minh City, Manila and key CBDs in India, including Bangalore, Mumbai and New Delhi. Strong demand and tight supply in prime locations continued to drive up prime office rents, with Singapore and New Delhi posting q-o-q rental growth of over 15%.
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25-01-2008 :
CB Richard Ellis Group, INC. Appoints Global Chief Economist
CB Richard Ellis Group, Inc. (CBRE) today announced that Raymond Torto, Ph. D., one of commercial real estate’s most renowned economists and forecasters, has been named the company’s Global Chief Economist. In this newly created position, Dr. Torto will direct CBRE’s worldwide team of commercial real estate market analysts and will serve as the firm’s primary spokesperson on macro economic issues and the global commercial real estate market.
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23-01-2008 :
China’s Real Estate Market Finished 2007 on a High Note Substantial Development and Growth Continues in Major Markets
CB Richard Ellis recently published its research analysis on China’s real estate market in Q4 2007. According to the report, the property market in China maintains its growth momentum throughout 2007. Both its major first-tier cities and some second-tier cities continued to substantial development and growth.
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22-01-2008 :
The Hong Kong Property Market Yearly Review & Forecast We’ve Only Just Begun
2007 was a dramatic year for the Hong Kong economy, the pace of growth accelerating as the year progressed. Domestic demand continued to play an important role in the economic upturn, as private consumption and investment expenditure continued to increase, while overseas players, including new entrants from the Middle East and Southeast Asia, pursued investment opportunities in Hong Kong.
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Contact Information

 
Joanne O'Callaghan
Director
Marketing and Communications
Asia
T: (852) 2820 8135
F: (852) 2810 0830
E: joanne.ocallaghan@cbre.com.hk

 
Gigi Liu
Senior Manager
Marketing and Communications
Asia
T: (852) 2820 2974
F: (852) 2810 0830
E: gigi.liu@cbre.com.hk

 
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