CB Richard Ellis Boston Exec Reflects on Possible Buyout

BOSTON-CB Richard Ellis, one of the world’s largest real estate companies, made headlines recently with the news that it is seriously considering a buyout offer made by an investor group led by Blum Capital Partners LP, a private equity and strategic block investment firm. As reported in GlobeSt.com last week, the group would purchase all of CB Richard Ellis’s outstanding common stock. The proposal values the company at $740 million.

But according to Andy Hoar, president of the local CB Richard Ellis/Whittier Partners, the buyout would not affect the Boston office. “There are no contemplated changes,” Hoar tells GlobeSt.com. “[A buyout] would not impact the Boston office.”