Los Angeles, CA – May 12, 2011 – CB Richard Ellis Inc. (CBRE) has been named the world’s fastest-growing retail property and leasing manager by Chain Store Age for the second time in three years. The retail industry publication’s April/May 2011 issue reported that CBRE added 114.8 million sq. ft. of new global retail property management assignments in 2010, noting that “CB Richard Ellis surely redefined growth in third-party portfolio management.”
“Our retail professionals continue to deliver best-in-class retail solutions to our clients around the globe, and it’s a testament to the depth and breadth of our market-leading platform to be recognized once again by Chain Store Age as the fastest-growing retail property manager in the world,” said Anthony Buono, Executive Managing Director of CBRE Retail Services.
CB Richard Ellis serves a vast of array of clients—including the nation’s leading retailers and retail property owners—with a full spectrum of services including property management, outsourcing, retail disposition, leasing, investment sales, debt or equity restructuring, valuation and consulting. In 2010, CBRE executed more than $21.4 billion in retail transactions worldwide for its clients.
Chain Store Age’s 22nd annual survey of Fastest-Growing Managers measures domestic and international third-party management and leasing contracts obtained during the preceding calendar year.
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 2010 revenue). The Company has approximately 31,000 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.