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Merger Talks Reportedly Off Between Cornish & Carey, CB Richard Ellis

SAN JOSE-Senior executives from both firms did not return phone calls seeking comment, but local real estate sources say the talks were apparently called off because there were too many internal hurdles to overcome.

By Skip Corsini | Updated on March 07, 2001

SAN JOSE-The merger of commercial brokerage firms Cornish & Carey and CB Richard Ellis has been called to a halt, according to local real estate sources. The reason: the cultures of the two companies are incompatible.

Senior executives from both firms did not return phone calls seeking comment, but sources say there were apparently too many internal hurdles to overcome. CB Richard Ellis’ $750 privatization plan, which would have brought expansion possibilities for both companies, was not cited as a cause.

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