CB Richard Ellis Said to Be Moving Downtown

CB Richard Ellis Inc., one of the nation’s largest real estate services firms, will relocate most of its headquarters staff and its downtown Los Angeles brokers into Wells Fargo Center on Bunker Hill, according to people familiar with the move. Most of the firm’s executives are in El Segundo, and a significant number of corporate staff and brokers are in two downtown buildings. CB Richard Ellis plans to consolidate most of its staff in the south tower of Wells Fargo Center, which is owned by Los Angeles-based Maguire Partners. Brett White, who heads CB Richard Ellis’ North American operations, said, “We are currently in negotiations for a significant amount of space in a well-known downtown high-rise that will be utilized by our downtown brokerage, valuation operations and by a component of our headquarters staff.” He would not elaborate on any details of the deal. Officials from Maguire Partners could not be reached for comment.