EAST LANSING – July 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 more than 14 million sq. ft. of real estate the State leases and owns.
CB Richard Ellis is the global leader (in terms of 2008 revenue) in commercial real estate services, with 30,000 employees and more than 300 offices worldwide including in Detroit, Grand Rapids, and Lansing.
CB Richard Ellis’ strong statewide and global platform was integral to the State’s decision. According to Terri L. Fitzpatrick, Director of the State of Michigan’s Real Estate Division, "Several well-qualified candidates submitted bids in response to the request for proposals. After a lengthy review, it was determined that CB Richard Ellis was overall the most well qualified to respond to the needs of the State."
The CB Richard Ellis Michigan account management team is based in Lansing and lead by Van W. Martin, CCIM, SIOR, CRE; Eric F. Rosekrans, CCIM, CPM; and Tricia L. Foster, CPM, ACoM; and supported by Thomas Jamieson. The Grand Rapids team is lead by Drew Miller, and the Detroit office team is lead by Michael L. Gerard and John A. Latessa, Jr. CB Richard Ellis will collaborate with the 25 plus offices of the Coldwell Banker Schmidt real estate organization to provide services to northern Michigan and the Upper Peninsula. Together, the team will provide unsurpassed market coverage across the state of Michigan and ensure that decisions will be based on the best local market information available.
CB Richard Ellis’ Michigan professionals will also collaborate with Washington, D.C. based Michael B. McShea of the Company’s Public Institutions and Education Solutions group. This CB Richard Ellis specialty group works solely with states, counties, cities and educational institutions to formulate and implement real estate and facility strategies.