C B Richard Ellis retains Fortune 500 ranking despite property slump
23 April 2009
Dspite the economic slump led by the collapse of the US property market, CB Richard Ellis Group, Inc, has been named in the Fortune 500 list of the largest US companies for the second consecutive year. CB Richard Ellis is once again the only commercial real estate services firm to be included in the Fortune 500.
''''Every day in India and in business locations around the world, our clients place their confidence in CBRE's people and platform to deliver the right solutions for their business needs,'' said CB Richard Ellis' Anshuman Magazine, chairman and managing director. ''Our inclusion in the Fortune 500 reflects the success of our 'client first' focus, particularly during these troubled economic times.''
The Fortune 500 ranks U.S.-based companies by total revenue. CB Richard Ellis was ranked at 464 on the list.
In 2008, CB Richard Ellis arranged sales and leasing transactions with total value of $138.8 billion and managed commercial properties and corporate facilities totaling more than 2.2 billion sq. ft. (includes properties managed by affiliate companies).
Earlier this year, CB Richard Ellis was named for the third year in a row to BusinessWeek's list of the 50 best performers and led National Real Estate Investor's Top Brokerage list for the sixth straight year. CBRE was also named Energy Star Partner of the Year by US Environmental Protection Agency for energy management and reductions in greenhouse gas emissions for the second year.