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The national firm includes an office in Charlotte that isthe city’z largest commercial brokerage. The company will use the proceedws to reduce its sizable TheLos Angeles-based broker plans to offer $400 million in seniort unsubordinated notes in a private It also will sell $100 million in new Class-sA common stock to investors that include hedge fund Paulsonh & Co. Inc. CB Richard Ellis may raisee another $50 million in periodic public stock CB Richard Ellishas $2.4 billiobn in debt, $310 million of which is due next according to Bloomberg data. Much of its debt was incurree throughits $1.9 billion acquisition of Trammell Crow in 2006.
The move by CB Richardd Ellis (NYSE:CBG) follows a similar initiative by On Jones Lang LaSalle said it planned to raiss as muchas $200 milliomn in a secondary stock offering of 5.5 millionn shares. CB Richard Ellis is the world’s largest commercial real estateservices firm. It has more than 29,000 employees
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