Los Angeles – December 1, 2009 – 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.
The white paper, the second in a CBRE series on occupancy cost reductions strategies for corporate occupiers, summarizes 12 creative transaction strategies that can reduce GAAP costs for core assets. “Creative Occupancy Cost Reduction Transaction Strategies” highlights how strategies including short-term sale leasebacks, assets swaps, re-trade structure and subleasing to landlords can be implemented to benefit from distressed commercial real estate market conditions during the next 18-24 months.
“It’s no secret that distressed debt is fueling transactions in this economic cycle, creating a unique opportunity for corporate occupiers to secure stronger portfolio positioning than in previous recessionary periods,” says report co-author and CBRE Senior Vice President Sven Pole. “The next two years will be an ideal time for companies to utilize traditional, as well as creative portfolio optimization approaches, regardless of their own internal financial or operational position.”
Note to Editors: “Creative Occupancy Cost Reduction Transaction Strategies” can be viewed here. To speak with Mr. Pole or another CBRE expert, please contact Robert McGrath (212.984.8267 or Robert.McGrath@cbre.com).
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 approximately 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. Please visit our Web site at www.cbre.com.