NEW YORK – CB Richard Ellis Group Inc., the Los Angeles-based international real estate services firm with an office in Providence, this week broke into the Fortune 500 list at position No. 404.
The company posted a $390.5 million profit for 2007, on total revenue just above $6 billion, the magazine said.
For Leaders Who Don't Have Time to Get Sick
Top performers guard their calendars, delegate relentlessly and optimize every hour of the day. Health,…
Learn More
“Each and every piece of the puzzle is important,” Charles T. Francis, president and partner of CBRE-New England’s Rhode Island office, told Providence Business News yesterday. “And we feel that we contribute significantly to the regional effort. … Our office here continues to grow, as does the company.”
The Fortune 500 is an annual list of the highest-revenue American companies, ranked by total revenue. For 2006, CBRE posted net income of $318 million on total revenue of $4 billion – earning it a ranking of 520th on the 2007 Fortune 1000. The company had ranked 630th on the list the year before, and had been No. 676 on the 2005 list, Fortune said.
“I think it’s testimony to the platform and the growth that this business – and particularly, this company – has undergone in the last five years,” said Francis, at CBRE-NE in Providence. “It’s extraordinary.”
CB Richard Ellis Group Inc. (NYSE: CBG), based in Los Angeles, is one of the world’s largest commercial real estate services firms with about 14,500 employees at more than 200 offices. Additional information is available at www.cbre.com.
Additional information about the 2008 Fortune 100, 500 and 1000 – including the name and annual revenue of each listed company, can be found at money.cnn.com/magazines/fortune The full report also appears in the magazine’s May 5 print edition.
