Content about CB Richard Ellis

Editor’s Note: Chain Store Age’s 23rd annual survey of Fastest-Growing Managers measures new domestic and international third-party management and leasing contracts obtained during the preceding calendar year (2011).

Now more than ever, retail real estate is not a business to be conducted without forethought. The days of gut instincts and seat-of-the-pants decisions have been replaced by the need to plan far ahead to guarantee a company’s continued growth.

Jericho, N.Y. -- Real estate firm Rochlin Organization said it has established a retail division, to be headed by former CB Richard Ellis senior associate Jim Sansivero.

Sansivero will serve as managing director of the division.
 

Los Angeles -- CB Richard Ellis Group announced Monday that Grayson Gill has been promoted to COO of the company’s Asset Services business line.  

Gill previously held the title of Senior Managing Director.

In his new role, he will be responsible for the operations of Asset Services in the United States, overseeing all of the business line’s operational departments, including Legal, Employee Relations, Finance, Technology, Procurement, Human Resources, Technical Services, and Client Accounting.

Los Angeles -- CB Richard Ellis Group announced the promotion of two executives for its Global Corporate Services business.

Jim Wilson is being promoted to COO and Ken Loeber is being promoted to global chief sales officer for GCS.

In his new role, Wilson, a 23-year industry veteran, will be responsible for GCS’s major global service lines (Facilities Management, Project Management and Transaction Management) as well as continuing to have operational responsibility for more than 150 corporate clients across all global regions.

Los Angeles -- CB Richard Ellis Group said Wednesday that the United States Postal Service (USPS) has awarded CB Richard Ellis a contract to serve as its exclusive provider of strategic corporate real estate solutions nationally.

CB Richard Ellis will provide transaction management services for USPS, including leasing and disposition. USPS’s portfolio consists of approximately 35,000 facilities, totaling over 300 million sq. ft.

Newport Beach, Calif. -- CB Richard Ellis announced Monday that Scott Riddles has joined the company’s Western Division Retail team as a senior VP. Riddles will be joined by his current team – Derek Fitch, Rob Crumly and Ryan Riddles – and all will be based in the firm’s Newport Beach office.

Riddles comes to CBRE from SRS Real Estate Partners, formerly Staubach Retail, where he was a founding partner.

New York City -- New York City remains the world’s most expensive retail destination as retailers focus on the major fashion capitals pushing global rents in prime locations even higher, according to the latest CB Richard Ellis (CBRE) Global Retail MarketView.

The average rent for space along Fifth Avenue from 49th Street up to 59th Street hit $1,900 per square foot in the first quarter. Hong Kong and Sydney came in second and third place in the rankings, with average per-square-foot rents of $1,697 and $1,301, respectively.