Los Angeles – April 3, 2009 – 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 real estate company to earn a place on this year’s BusinessWeek 50.
Companies were chosen for the BusinessWeek 50 list, published in the issue dated April 6, 2009, based on key performance metrics, such as average return on capital and revenue growth as well as success in changing “the rules of engagement” in their industries.
“The BusinessWeek 50 represents the ‘best of the best,’ and we are proud to be included once again among the elite in the business world. Our position as the only commercial real estate company on this prestigious list underscores the value of our relentless focus on client service, the power of our global service offering, and the ability of our professionals to respond to the most challenging economic environment in decades,” said Brett White, president and chief executive officer of CB Richard Ellis.
CB Richard Ellis represents 88 of the FORTUNE 100 companies and offers an unrivaled suite of commercial real estate services on a global basis. The company was responsible for more than $138 billion of property sales and lease transactions in 2008, and managed more than 2.2 billion sq. ft. (including properties managed by affiliates) of commercial properties and corporate facilities as of December 31, 2008.
Earlier this year, CB Richard Ellis was named to Fortune magazine’s annual roster of the “Most Admired Companies” in the U.S. real estate industry, and the Corporate Responsibility Officer magazine’s 2009 list of 100 Best Corporate Citizens in the U.S.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has more than 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. 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. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com.