Los Angeles, CA, September 15, 2010 – CB Richard Ellis (CBRE) today announced that it has been selected for the prestigious 2010 InformationWeek 500 for the fourth consecutive year. That publication’s annual list identifies and honors the nation's most innovative users of information technology.
A key reason for CBRE’s ranking in this year’s InformationWeek 500 was the development of its ORE Asset Management Platform (ORE). ORE is an online real estate asset management tool that allows CBRE and its clients to track all relevant data pertaining to an entire portfolio of Real Estate Owned (REO) assets. Prior to the development of CBRE’s ORE, the only option for analyzing and reporting REO asset data was tracking each asset individually using separate spreadsheets or hard files. ORE assists asset and property managers in the management and disposal of acquired assets by collecting and storing detailed asset Information; integrating document management; providing an asset workflow solution and automatically integrating with complementary systems. Currently, ORE houses information on more than 3,500 REO assets and provides the ability to run over 50 different reports. More than 150 asset managers use ORE as their main tool for managing their portfolio.
“CBRE’s presence on the InformationWeek 500 for four straight years is proof of our success in harnessing the full power of our platform to help our clients,” said Don Goldstein, Chief Information Officer for CB Richard Ellis. “The top professionals, combined with premier technological innovation, equals the industry’s best service provider.”
For 22 years, the InformationWeek 500 has honored the most innovative users of business technology,” said InformationWeek Editor In Chief Rob Preston. “As we start to emerge from the worst recession in decades, the IT focus is now on driving growth—new sources of revenue, new relationships with customers, even new business models. This year’s ranking placed special emphasis on those companies and business technology executives leading that charge.”
Additional details on the InformationWeek 500 can be found here.
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. Please visit our Web site at www.cbre.com.
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