CB Richard Ellis Returns to Profitability
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Real estate services firm CB Richard Ellis Group Inc. reported improved earnings in the first quarter as office leasing increased and the real estate investment market remained robust.
The Los Angeles company posted a profit of $14.6 million, or 19 cents a share, contrasted with a net loss of $16.6 million, or 26 cents, a year earlier. Revenue increased 22% to $538.3 million.
