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 Industry News Item Added on February 20, 2003


CB Richard Ellis To Acquire Insignia Financial Group

LOS ANGELES -

CB Richard Ellis will acquire Insignia Financial Group in a $415-million transaction, creating the largest real estate services company in the world. With $1.8-billion in revenue and over 16,000 employees, the service company will have a broader gauge and provide global service at a more efficient price. CB Richard Ellis is based in Los Angeles.



 

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