BY WALLY ZIMMERMANN – CB Richard Ellis Group Inc. (CBRE) has been named to the annual roster of the Most Admired Companies in the U.S. real estate industry compiled by Fortune magazine. The survey covers 57 industries and is one of the most definitive report cards on corporate reputations. CB Richard Ellis is the highest-ranked commercial real estate services company on the list. CBRE is the leading full-service commercial real estate company in Hawaii.
Companies are rated on a host of attributes related to corporate performance. CB Richard Ellis scored particularly well in global competitiveness (ranked #1) as well as quality of services, people management and social responsibility (all ranked #2).
“Every day our professionals leverage CBRE’s powerful platform to deliver exceptional service to our clients around the world,” said Brett White, chief executive officer of CB Richard Ellis. “CBRE’s inclusion by Fortune as one of the real estate industry’s most admired companies is a testament to their achievements.”
“In Hawaii, and in every global business center, CBRE’s professionals have built their reputation the old fashioned way -passionate client service, deep market knowledge and a strong and active commitment to their community,” said Joseph Haas, Senior Managing Director, Hawaii.
The attributes on which companies are measured include innovation; quality of management; people management; financial soundness; use of corporate assets; long-term investment; social responsibility; product/services quality; and global competitiveness. Drawing from a base of some 1400 companies, a total of 632 companies from 32 countries were surveyed by Fortune. Only companies that score in the top half of their industry survey were included in the Most Admired Companies roster.
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.