CB Richard Ellis Group

No. 25

Industry: Real Estate Management
Sales: $5.1 billion
Net Income: -$1.02 billion

The real estate bust has not been kind to CB Richard Ellis Group (CBG), which specializes in commercial properties. The world's largest real estate company lost $1.02 billion in 2008, compared with record earnings of $390 million the prior year. As the giant grapples with the worst downturn since the Great Depression, CEO Brett White is trying to diversify the business. The real estate giant is moving abroad, expanding its presence in emerging markets, such as Eastern Europe. It has also cut a deal with global handset maker Nokia (NOK). CB Richard Ellis will consult on all things real estate for the telecom company, including sales of existing properties, leasing deals, and potential acquisitions.

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