Big News Overseas as CBRE, JLL Vie for Control of $87 Bil. in Global Assets

The news flooding Europe's financial newspapers this past week is that Los Angeles-based CB Richard Ellis Group Inc. (CBRE) has been in exclusive talks for two weeks negotiating a deal to acquire all or a portion of ING Groep NV's ING Real Estate Investment Management, whose property portfolio is valued at more than $87 billion. As of Sept. 30, CBRE already had $35.7 billion of commercial real ...

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