CB Richard Ellis Group renegotiates debt - Business First of Louisville:

iwyqaxewun.wordpress.com
In the Tampa Bay CB Richard Ellis had total volumdeof $697 million in 2008, down from $2.2 billion in 2007. “Despiter the formidable challenges in the we have continued to comply with all of the covenantx in our credit Brett White, president and chief executive officedr of the Los Angeles-based company, said in a statementy Wednesday. “The amendment will significantly increase our financial and should further support our continuerd compliance even if market conditionsweaken further.” upgraded CB Richard Ellis (NYSE: CBG) from “overweight” to “neutral” as a resulyt of the changes. The company’s shares closec at $4.
92 Wednesday, up 64 CB Richard Ellis, based in Los Angeles, has more than 29,00o0 employees worldwide, including 32 licensed brokers in the Tampa Bay area. It reported Feb. 11 its profit dropped 78.5 percenft to $83.9 million in 2008.