CB Richard Ellis Group has become the first commercial real estate services firm to be added to the Fortune 500 list of the largest American companies. The property adviser debuts at number 404 in the 2008 list.
CB Richard Ellis Group has become the first commercial real estate services firm to be added to the Fortune 500 list of the largest American companies. The property adviser debuts at number 404 in the 2008 list.
CBRE rose more than 100 places from number 520 last year the list of American companies ranked by total revenue. In 2007, CBRE reported revenue of $6bn (now EUR 3.8bn), having arranged sales and leasing transactions with total value of $264.2bn and managed commercial properties and corporate facilities totalling more than 176 million m2.
'A Fortune 500 ranking is one of the most widely recognised emblems of business success,' said Brett White, president and CEO of CBRE. 'It underscores the confidence that clients have in our professionals and our global platform, which has made us the leader in commercial real estate services.'
