Wall Street Journal (05/16/12) Hudson, Kris

CBRE Group Inc. continues to describe its 2006 acquisition of Trammell Crow Co. as "the deal that keeps on giving." While the $2.2 billion deal saddled CBRE with a huge debt load just two years before the economy tanked, it also elevated the firm into the upper echelon of the property-management business and gave it a steady stream of income to ride out the recession. Now, CBRE has realized another benefit it gained in the deal: its next CEO. The company announced a week ago that ex-Trammell Crow CEO Robert Sulentic has agreed to succeed CBRE Chief... More

Abstract News © 2012 INFORMATION, INC.

Property-Report.com (05/16/12)

Investment value across the Asia-Pacific region plunged during the first three months of 2012, reports CB Richard Ellis. Throughout Asia, investment plummeted by 42 percent quarter on quarter as Chinese mainland investment dramatically plummeted by 70 percent. In terms of dollars, investment in China fell to US$949 million from January through March. Greg Penn, executive director of CBRE Investment Properties in Asia, remarks, "China's property investment market was relatively quiet in the first quarter, in part due to the Chinese New Year holiday,... More

Abstract News © 2012 INFORMATION, INC.