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CB Richard Ellis Group, Inc. Named a BusinessWeek50 Best Performer for the Second Straight Year

BusinessWeek selects 50 best-in-class companies which the magazine considers represent the star performers in each of the ten sectors that make up the S&P 500. CBRE was ranked 11th within the 2008 BusinessWeek 50, up from 16th place last year.

Hong Kong (PRWEB) April 27, 2008 -- CB Richard Ellis Group, Inc. has been named the BusinessWeek 50 - the publication's list of best performers across all industries - for the second straight year. BusinessWeek selects 50 best-in-class companies which the magazine considers represent the star performers in each of the ten sectors that make up the S&P 500. CBRE was ranked 11th within the 2008 BusinessWeek 50, up from 16th place last year.

"Being recognised once again as a BusinessWeek 50 company reflects our tireless focus on excellence in client service," said Brett White, President and Chief Executive Officer of CB Richard Ellis. "Every day, in every part of the world, CBRE professionals come to work with one overriding goal - using the industry's most powerful full-service platform to tailor the best solutions to satisfy our clients' needs."

"We are delighted that CB Richard Ellis has been honored with this recognition. This nomination reflects our long-term commitment to providing high quality real estate services and optimum business solutions to our clients," said Chris Brooke, President and CEO of CB Richard Ellis in Greater China.

CB Richard Ellis represents 88 of the FORTUNE 100 companies and offers an unrivaled range of commercial real estate services on a global basis. The company was responsible for more than $264 billion of property sales and lease transactions in 2007, and managed more than 1.9 billion sq. ft. (including those managed by affiliates) of commercial properties and corporate facilities as of 31 December, 2007.

Over the past decade, CB Richard Ellis has focused upon building business capabilities across Greater China and established itself as a leader in the real estate market in the region. CB Richard Ellis currently has fourteen offices throughout Greater China, with offices in Beijing, Shanghai (Puxi and Pudong), Guangzhou, Chengdu, Tianjin, Shenzhen, Hangzhou, Dalian, Qingdao, Wuhan, Hong Kong (Hong Kong Island and Kowloon) and Taipei. In addition, CB Richard Ellis plans to further expand in 2008, via the opening of new offices in a number of second-tier cities, with a view to further enhancing the geographical coverage and range of services offered to clients throughout Greater China.

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Karen Chen
CB Richard Ellis (Hong Kong)
(852) 2820 8108
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