Regions Southwest | Phoenix
CBRE Buys Outstanding Shares in Tucson JV Company
July 1, 2008

CB Richard Ellis Group Inc. has acquired the 50 percent outstanding shares of its joint-venture company in Tucson, Ariz. The acquisition of CB Richard Ellis Tucson L.L.C. is part of the company’s strategy to acquire its joint-venture and affiliate companies in markets with strong growth potential. CBRE Tucson has operated as a CBRE joint-venture company since 2000. Tim Prouty, managing director of CBRE Tucson, will continue to lead the Tucson area operations and will report to Craig Henig, senior managing director in the firm’s Phoenix office.

 
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