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Real Estate

Aug. 5, 2003

Smooth Operation, Despite Merger

BY MICHAEL GOTTLIEB CREJ Managing Editor When news of a pending merger between CB Richard Ellis and Insignia Financial Services was announced five months ago, many industry insiders predicted wholesale bloodletting of overlapping staff and defections of top broker talent to competitors.

BY MICHAEL GOTTLIEB
CREJ Managing Editor

When news of a pending merger between CB Richard Ellis and Insignia Financial Services was announced five months ago, many industry insiders predicted wholesale bloodletting of overlapping staff and defections of top broker talent to competitors.

Now that the $415 million acquisition is complete, the reality has been quite the opposite, substantiating a statement made by Ray Wirta, chief executive ...

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