CB Richard Ellis (CBRE)

CB Richard Ellis to buy ING real estate arm

CB Richard Ellis Group struck a deal to buy most of the real estate investment management business of Dutch financial company ING Group NV for US$940 million ($1.3 billion), making it the world's biggest real estate investment manager. The deal, which nearly triples CB Richard Ellis's assets under management, ends an auction process that lasted over a year and attracted more than 40 others, including CB...

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