Boston, NY – September 23, 2011 – (RealEstateRama) — CB Richard Ellis (CBRE) has been named Best Brokerage Firm by Multi-Housing News at its 2011 Excellence Awards reception in New York.
“With more than $6 billion of multi-housing capital markets transactions in the first half of 2011, this well-deserved award is a testament to the hard work of our Multi-Housing Professionals,” said Peter Donovan, Senior Managing Director of the CBRE Multi-Housing Group. “It’s always gratifying to receive third party recognition of the outstanding job we do for our clients on a daily basis.”
CBRE’s Multi-Housing investment sales transaction volume for 2010 totaled $6.1 billion and totaled over $3 billion for the first half of 2011. CBRE was once again named the top U.S. multi-housing broker by Real Capital Analytics, capturing 20% of overall market share in the first half of 2011. The CBRE Multi-Housing Group has maintained the top apartment broker title every year since the ranking’s inception in 2001. Multi-Housing debt placement volume reached over $5.6 billion in 2010 and totaled nearly $3.5 billion for the first half of 2011.
The 2011 panel of judges for the Multi-Housing News Excellence Awards was comprised of: Donald Davidoff, senior vice president of strategic systems, Archstone; Mercedes Farrando, international associate AIA, director of design services, Beacon Communities; Daniel Hilpert, managing director, Mortgage Equicap LLC; Sanford Steinberg, AIA, CGP, principal, Steinberg Design Collaborative LLP; Doug Walker, former senior vice president-transactions, UDR. The competition was judged in New York in July.
About CB Richard Ellis
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 website at www.cbre.com.
About Multi-Housing News
Multi-Housing News (MHN) is a national magazine published monthly for the apartment industry. Based in New York, MHN covers all aspects of this real estate sector from luxury housing to student housing. The team also publishes several online editions including MHN Online Daily. For more information about MHN and the MHN Excellence Awards, visit www.multi-housingnews.com.
Contact:
Robert McGrath
212 984 8267
robert.mcgrath (at) cbre (dot) com
