CBRE Group

CB Richard Ellis Group, Inc.
	File:CBRElogo.PNG
Company type	Public (NYSE: CBG)
Industry	Commercial Real Estate Services
Founded	1773
Headquarters	Los Angeles, California, USA
Key people	Richard C. Blum, Chairman ; W. Brett White, President, CEO & Director ; Kenneth J. Kay, CFO & SEVP
Products	Asset Services, Brokerage, Capital Markets, Consulting, Corporate Services, Debt & Equity Financing, Facilities Management, Industrial, Investment Brokerage/Agency, Investment Management, Mapping Services, Project Management, Property Management, Research & Investment Strategy, Retail, Specialty Services and Valuation & Advisory Services
Revenue	$5.129 billion USD (2008)
Operating income	1,511,915,000 United States dollar (2022)
Net income	1,407,370,000 United States dollar (2022)
Number of employees	29,000
Website	CBRE.com

History

Richard Ellis International, Limited was founded in London in 1773.
Tucker, Lynch & Coldwell was established in 1906.
Benjamin Banker is named partner in 1914.
Tucker Lynch was renamed Coldwell, Banker & Co in 1940.
In 1969, Coldwell Banker began trading stock.
The New York commercial real estate firm Sutton & Towne, Inc was acquired by Coldwell Banker in 1980.
Sears, Roebuck & Co. acquired Coldwell Banker in 1981.
In 1989, the Coldwell Banker Commercial Division (CB Commercial) was spun off as a separate company from Coldwell Banker Real Estate and sold to a group of investors, management and employees.
CB Commercial acquired: Westmark Realty Advisors in 1995, L.J. Melody & Company mortgage bankers in 1996, Koll Real Estate Services in 1997 and Hiller Parker in 1998.
CB Commercial went public in 1996.
The merger of CB Commercial and Richard Ellis International, Limited (REI Ltd.) in 1998 resulted in a new company named, CB Richard Ellis (CBRE).
In 1999, Japanese operations were merged with Ikoma Corporation; Sweden's Profit Group and Chile's LirAntunez Propiedades were acquired.
CBRE was privatized in 2001.
Insignia Financial Group was acquired in 2003.
For a second time, CBRE went public on the New York Stock Exchange in 2004.^[3]
At the end of 2006, CBRE completed the acquisition of competitor Trammell Crow Co. in a transaction valued at $2.2 billion.^[4]^[5]

CBRE's current corporate headquarters in Los Angeles

CBRE's prior corporate headquarters in El Segundo

Ranked 11th on the Business Week list of top 50 companies for 2008^[6]
One of 41 businesses listed on the Companies that Care Honor Roll for 2008^[7]
Fortune 500 for 2008, ranked 404th^[8]
Fortune Magazine 100 fastest growing companies in 2008, ranked 33rd^[9]
Ranked 29th on the 2008 IAOP Global Outsourcding Leaders list of 100^[10]
2008 ENERGY STAR Award Winner^[11]