(1888PressRelease)
April 26, 2008 - For the fifth year in a row National Real Estate Investor, the leading magazine for professional real estate investors, has ranked CB Richard Ellis No. 1 out of the 25 largest U.S.- based commercial real estate brokerage firms. The ranking, featured in the publication’s April 2008 issue, is based on the aggregate value of sales and leasing transactions completed globally during 2007.
CB Richard Ellis was responsible for more than US$264.2 billion of global sales and leasing transactions in 2007. This total was 55 per cent more than the nearest competitor.
In Singapore, CB Richard Ellis is the only marketing firm to have closed billiondollar commercial asset deals – the sale of Temasek Tower at S$1.04 billion, the largest private property transaction in 2007, and the sale of Singapore Power Building at S$1.01 billion in 2008. Other noteworthy transactions included the sale of Hitachi Tower at S$811 million, 78 Shenton Way at S$650 million, and the collective sales of The Grangeford at $625 million and UIC Building at S$600 million, among many others. Collectively, the Investment Properties team has chalked up a total of S$5.53 billion worth of investment sales from 2007 to date.
“We have consistently attained the top market position globally by delivering best-in-class solutions to meet any client need,” said Jeremy Lake, Executive Director, Investment Properties. “In Singapore and around the world, our professionals can tap on the industry’s most comprehensive platform to tailor value- added solutions for owners, investors and occupiers of commercial real estate.”
