CB Makes Its Move

CB Richard Ellis has relocated its Sherman Oaks and Glendale offices to 10 Universal City Plaza effective today. As previously reported, CB Richard Ellis decided to combine the two offices with the intention of creating a critical mass that would help to expand its business. In July, when they confirmed plans to consolidate, officials at CB said they would expect the consolidation to yield a 40 percent growth spike in two to three years time. The two offices, at the time were generating revenues of about $30 million to $35 million annually, officials told the Business Journal last summer.