Los Angeles, June 29, 2010 – CB Richard Ellis Group, Inc (CBRE) is the highest-ranked commercial real estate services company in Engineering News-Record’s 2010 list of the largest construction management firms.
In a list led by major engineering firms, CBRE is ranked #9 overall in construction management. The firm also ranked #8 in program management and #2 among firms that provide only construction/project management services. CBRE’s construction/project management revenue was approximately 18% more than the next highest commercial real estate services firm.
On the overall list, CBRE advanced one position from #10 in 2009.
“We are proud of our ability to grow in a challenging environment when many other firms saw lower construction management activity,” said Ken Loeber, Executive Managing Director, Project Management, at CBRE. “This is a testament to the confidence that our clients place in our ability to consistently provide efficient, high-quality project management services around the globe.”
Engineering News-Record is widely considered the authority on the construction industry, providing news, analysis, data and opinion for the industry worldwide. This leading industry journal has been published since 1874 and is owned by The McGraw-Hill Companies.
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 2009 revenue). The Company has approximately 29,000 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 for three years in a row. Please visit our Web site at www.cbre.com.