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Based in Los Angeles, CB Richard Elli (NYSE: CBG), is the largest publicly-tradedf commercial real estate brokerage firm inthe world. It has more than 300 including onein Minn., that is rankedc the second-largest commercial real estatde brokerage firm in the Twin Cities with 76 Underwriters of the proposed offering have an optio n to purchase an additional 7.5 million sharea to cover over-allotments, the companyh said. (USA) LLC and will act as joint managerw forthe offering. CB Richard Ellizs intends to use the net proceeds of the offerin g for generalcorporate purposes. The company has 202.3 million outstanding The stockclosed Nov. 10 at down $1.01 or 14.2 percent.
Over the past year the stocok has closed as highas $24.75 and as low as The announcement of the public offering comes less than a week after the companyu said net income fell 65 percent in the third quarter due to weak sales and leasing activity in the commercial real estatd sector. The company has cut $190 million in fixee costs so far this year to deal with the The savings are expected to benefit next year’s financial
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