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Real Estate

Jul. 29, 2003

CB Richard Ellis and Insignia Financial Services Complete Merger

BY MICHAEL GOTTLIEB CREJ Managing Editor The debate over which company is the world's largest commercial real estate services firm was put to rest, perhaps permanently, last week.

BY MICHAEL GOTTLIEB
CREJ Managing Editor

The debate over which company is the world's largest commercial real estate services firm was put to rest, perhaps permanently, last week.

Early July 23, Los Angeles-based CB Richard Ellis completed its acquisition of Insignia Financial Group and created a 14,000-employee firm - including 5,300 brokers - housed at 250 offices in 14 countries. Annual revenues of the two firms exceeded $1.7 billion i...

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