No. 11: CB Richard Ellis Group
Industry: Real Estate Management & Development
Sales: $6 billion
Net Income: $387.9 million
The start of a recession is not a great time to be the nation's largest commercial real estate broker. Los Angeles-based CB Richard Ellis (CBG) more than doubled in size during the recent boom. Last year it earned a record $388 million on sales of $6 billion. But CEO Brett White is reluctant to make earnings predictions for this year. Because of the credit crunch, sales of office buildings plunged at the end of 2007 and continue to be down. The company has been seeking new revenue sources. It now manages buildings for large companies such as Hertz, which recently chose CBRE to run its many offices.
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