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Real Estate/Development

Sep. 2, 1999

Broker Beat/Los Angeles

El Segundo CB Richard Ellis reorganizes CB Richard reorganized its U.S. businesses in July to streamline operations, improve execution and reduce operating expenses. The company said the restructuring of its North American regional and business line reporting would realize net cost savings this year of $4 million and annualized savings of $11 million.

El Segundo

CB Richard Ellis
reorganizes

CB Richard reorganized its U.S. businesses in July to streamline operations, improve execution and reduce operating expenses. The company said the restructuring of its North American regional and business line reporting would realize net cost savings this year of $4 million and annualized savings of $11 million.
The restructuring preceded an announcement of lower U.S. sales and leasing revenues...

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